Verizon reshuffles units as operating chief retires

Verizon is reshuffling its units as chief operating officer ahead of the retirement of chief operating officer Dennis Strigl.

Among the moving parts (statement):

• Verizon's two wireline businesses---Verizon Telecom and Verizon Business---will become one unit Verizon Wireline. The aim will be to optimize performance. Both units are more mature businesses relative to Verizon Wireless.
• Strigl will retire.
• Verizon's two units---Wireline and Wireless---will report to CEO Ivan Seidenberg.
• Lowell McAdam, CEO of Verizon Wireless, remains in his role, but he gets a new chief operating officer. Daniel Mead, president of Verizon Telecom, will become operating chief of Verizon Wireless. Mead replaces Jack Plating, who is retiring as chief operating officer of Verizon Wireless.
• John Stratton, chief marketing officer for Verizon, is now chief marketing officer for Verizon Wireless and reports to McAdam.
• Fran Shammo, vice president of Verizon Business, is now president of Verizon Wireline.
• Richard Lynch, Verizon CTO, and Shaygan Kheradpir, Verizon chief information officer, now report to Seidenberg.