Verizon announced Friday that Hans Vestberg, the company’s chief technology officer, will become the new chief executive starting in August.
Lowell McAdam, who has been CEO since 2011, will stay on as chairman of the board of directors after he retires.
Vestberg, 52, joined the wireless provider last year and has been working on Verizon’s networks, including the 4G LTE network. Before joining Verizon he worked six years as the chief executive of Ericcson, a networking and telecommunications company.
