By Gina Narcisi
Four of the five most highly compensated Verizon executives have undergone a job role or title change in the last few months. That’s because the carrier giant has recently unveiled a slew of senior leadership changes as Verizon continues to work to transform its business.
Under the leadership of CEO Hans Vestberg, Verizon over the last five years has been working hard to double down on its telecom roots and grow the business in new areas of connectivity. Namely, it’s betting big on 5G. The carrier in October also created a new global services organization aimed at streamlining shared services teams to free up more capital for the carrier to invest in its core networking and telecom services. It’s called the Verizon Global Services (VGS) organization and it’s responsible for most shared services teams within the company, including Real Estate, Sourcing, Supply Chain, Fleet, Finance Operations, Global Technology Solutions, Reporting and Insights, Learning and Development, Public Policy and Information Security.