John Stratton to retire from Verizon by end of 2018
June 08 2018 - 12:00PM
Verizon Communications Inc. (NYSE:VZ) (Nasdaq:VZ) today announced
that John Stratton, Executive Vice President and President of
Global Operations, has informed the company of his decision to
retire from Verizon by the end of 2018. Effective immediately,
Stratton will step down from his current role and will support a
smooth transition as a strategic advisor reporting to Lowell
McAdam.
Stratton, 57, has served Verizon and its predecessor, Bell
Atlantic Mobile, for more than 25 years, holding a number of
executive level positions. Since his appointment to EVP and
President of Global Operations in 2015, Stratton has led and grown
the company’s established businesses, including Verizon Wireless,
Verizon Enterprise Solutions, Verizon Consumer Markets, Verizon
Business Markets, Verizon Partner Solutions and Verizon Connect
(telematics).
Under Stratton’s leadership, Verizon has driven significant
growth across its core businesses and accelerated its shift toward
a digital-first model. Stratton has also served as a member of the
National Security Telecommunications Advisory Committee since 2012,
and he is a board member of CTIA, which represents the U.S.
wireless industry.
Said McAdam, who will serve as Executive Chairman of Verizon’s
Board through his retirement at year-end: “As one of the founding
leaders of Verizon Wireless, John has left his mark on the
business. He has been at the forefront of our evolving strategy and
is one of the key people responsible for setting the strong
foundation that we are building on today. Through his
determination, drive and commitment to the business, John led some
of our most creative and innovative efforts during the fastest
growth period in Verizon’s history, including the iconic ‘Can you
hear me now?’ advertising campaign and the development of the Droid
handset franchise.”
McAdam added, “On behalf of the Board, management team and all
of us at Verizon, I want to thank John for all that he has done for
our business and wish him the best as he starts his next
chapter.”
Stratton said, “It has been an honor to be a leader at Verizon
alongside so many brilliant and committed V Teamers – all of whom
put the customer and our company first. I am incredibly proud of
the strides we have made to position Verizon as the leader in
customer service and on the forefront of next-generation
technologies, including 5G. I look forward to watching Verizon’s
continued success.”
Verizon Communications Inc. (NYSE:VZ) (Nasdaq:VZ), headquartered
in New York City, generated $126 billion in 2017 revenues. The
company operates America’s most reliable wireless network and the
nation’s premier all-fiber network, and delivers integrated
solutions to businesses worldwide. Its Oath subsidiary reaches
about one billion people around the world with a dynamic house of
media and technology brands.
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Media contact: Bob
Varettoni908.559.6388robert.a.varettoni@verizon.com
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