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Do you have Verizon? If you never heard of it or live under a rock, Verizon is a well-known brand of telecommunications that is used all over the world by many countries.
But, how much do you know of the history and the CEO of Verizon? Perhaps there is a lesson in there to be learned? This article will be about the CEO of Verizon and its impact on the world. Let’s get started!
The Founding of Verizon
Before it was known as Verizon, the telecommunications company went by Bell Atlantic when it was formed in 1984. This was during the break up of the Bell System, a group of telecommunication businesses under the Bell Telephone Company. Each of these companies, seven in total, would then become a Regional Bell Operating Company or RBOC. They would be known as “Baby Bells” and their first headquarters would be the city of Philadelphia.
Later in 1997, Bell Atlantic would set up shop in New York and other East Coast states by merging with another Baby Bell called NYNEX. Bell Atlantic survived and moved its operations to the old NYNEX headquarters in New York City.
A few years later, Bel Atlantic would get GTE, a telecommunications company that had access to nearly the entire country. From that, they named the business Verizon by combing the Latin world veritas (truth) and horizon.
The CEO of Verizon
Now you probably are still wondering who the CEO of Verizon is and it is not the original founder of the company. The current CEO is Hans Vestberg of Hudiksvall, Sweden. He graduated with a degree in Business Administration and Economics in the early 90s.
He first started at Ericsson Cables in his hometown and worked there for a quarter of a century. During this time, he would have a leadership role that extended to other countries such as Brazil, China, Mexico, and the United States. He later was the CFO for the company’s offices in Brazil and later North America. Later, he became the CEO of Ericsson, the firs… Read More
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