Verizon's new CEO is a man with two passions – technology and sports

Verizon's new CEO is a man with two passions – technology and sports
Hans Vestberg was appointed as Chief Executive Officer of the States' largest wireless carrier on June 8th this year, but today is his first day at the position. Changes of CEOs don't happen every day, so who is this guy and why make him CEO?

Hans Vestberg was born in 1965 in Sweden, where he spent his early life and graduated university with a Business Administration and Economics degree. Just seven years after his graduation, in 1998, he was already the chief financial officer for Ericsson in Brazil. He spent 18 years with Ericsson, switching between countries and executive positions within the company, before settling down as CEO between 2010 and 2016. He joined Verizon in April 2017 as Executive Vice President of Network and Technology, a position he held until his recent promotion to CEO.

While the name "Ericsson" hasn't appeared on a mobile phone since the last Sony Ericsson phones came out in 2011, the company's network hardware business remained strong and it's expected to be one of the leading providers of 5G equipment as carriers begin their transition.

Verizon already announced the first cities to get the new technology and Hans Vestberg's technical and administrative expertise make him a perfect candidate to lead the company during this process. Either that, or Verizon's board of directors was really impressed by his nine-year long leadership of the Swedish Handball Association.

His promotion to CEO highlights how important 5G is not only for Verizon, but all major carriers. Failing to properly integrate the next generation of mobile communication can leave a company far behind its competitors. Will this move give Verizon an advantage? We'll have to wait and see how the 5G race plays out.



source: Verizon

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6 Comments

1. GreenMan

Posts: 2697; Member since: Nov 09, 2015

No passion for GSM, eh? Sad! G'Day!

4. Rampage_Taco

Posts: 1061; Member since: Jan 17, 2017

I mean VZW is shutting their CDMA network down at the end of 2019. So why transition into standard GSM when 4GLTE/5G are superior forms of GSM?

2. JMartin22

Posts: 2371; Member since: Apr 30, 2013

Soo is he competing with John Legere for the title of most outlandish superstar heretic CEO?

3. bucknassty

Posts: 1345; Member since: Mar 24, 2017

if you cant beat them... join them

5. Ray.S

Posts: 457; Member since: Jul 19, 2011

They sure beat them, though.

6. Nostromo79

Posts: 169; Member since: Jun 22, 2016

We'll see if his "passion" extends to offering a Note9 with 8GB/512GB to customers who are willing to purchase them.

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