Verizon Wireless: Dan Mead out, John Stratton in as head of the nation's largest carrier

Verizon Wireless: Dan Mead out, John Stratton in as head of the nation's largest carrier
A major shake-up hit Verizon Wireless on Wednesday as the CEO of the nation's largest carrier, Dan Mead, was replaced by John Stratton. The changes were listed on form 8-K that the mobile operator filed with the SEC. Now that Verizon Communications owns 100% of its wireless subsidiary, the 53-year old Stratton will not be given the title of CEO even though he will have the same responsibilities that Mead had over the last few years. Instead, Stratton's title will be executive vice president and president of operations. The 8-K added that Stratton will have "operational responsibility for Verizon's wireless and wireline businesses."

Stratton will now report to former Verizon Wireless CEO Lowell McAdam who currently is the Chairman and CEO of the parent firm, Verizon Communications. Mead will now become the president of strategic initiatives and will be charged with transferring the company's wireline operations in California, Florida and Texas to Frontier Communications. After Mead completes this task, the 61-year old is expected to retire.

Verizon continues to grow, adding 2 million new postpaid subscribers in the fourth quarter. The company closed out 2014 with 108.2 million retail connections.
 
source: SEC via PCMag

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13 Comments

1. PapaSmurf

Posts: 10457; Member since: May 14, 2012

Hopefully they lower their prices so I can switch.

2. NoFanboy

Posts: 300; Member since: Nov 18, 2013

They are the same exact price as AT&T right now. Actually cheaper if you got in that 80$ for 10gb family plan. Single lines are the same too

3. PapaSmurf

Posts: 10457; Member since: May 14, 2012

AT&T employee discount with 60GB data shared on two lines. Originally had 80GB but dropped it since I use Wifi at home with Comcast.

7. NoFanboy

Posts: 300; Member since: Nov 18, 2013

Nice I'm an employee too

4. Derekjeter

Posts: 1577; Member since: Oct 27, 2011

The prices could be better but i wont complaint since the last time i dropped a call was with Tmobile back in 2008. I love the coverage but they need to stop the bloat ware that im pretty sure 95% of customer could do with out AND the phone line up could be better.

8. promise7

Posts: 894; Member since: Jul 03, 2013

They recently lowered their Share Everything plans by $10, not sure if it's across the board, but they didn't really advertise it. I stumbled upon a article telling readers about it a couple of days ago. I had to go into my account and change it. They listed both my current 1GB plan for $40 and the new 1GB plan for $30. Other tiers were also lowered, but I'm not sure if they all were $10 cheaper, the higher tiers might've been a little more.

12. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

I have two lines. I pay $50 for 5G of data. After everyone gets a piece of the action, totals are $136.

9. CommentBoxEnforcer

Posts: 99; Member since: Feb 13, 2012

Dear Dan, give the LG g3 the lollipop update or I will find you and do absolutely nothing

5. Metropolis75

Posts: 198; Member since: Aug 28, 2012

60gb on two lines?

6. Berzerk000

Posts: 4275; Member since: Jun 26, 2011

I hope he will help bring some much needed change to Verizon.

10. camera531

Posts: 346; Member since: Jun 30, 2012

Two changes needed. 1. Stop stamping your logo all over the front of your phones (and home buttons)! 2. Bring your prices down to compete head to head with T-Mobile and lead by example. More customers paying a little less is more profitable than less customers paying a little more, and good karma can go a long way.

13. fher182

Posts: 25; Member since: Oct 21, 2014

people really really need to understand that Vz doesn't compete directly with tmobile. tmobile might have been growing in market share this years but the quality of the service and the coverage on tmobile is not even 25% of what Verizon is. Verizon will never be as cheap as tmobile. is like comparing a Mercedes Benz or a BMW against a kia. both will take you to the place you want, and the kia will definitely be cheaper to maintain and better mpg. but the merc and the bmw will be a lot more comfortable and more reliable, and at the end of the day you are driving a bmw or a merc. people that complain about the prices of Verizon can switch to tmobile or sprint any time they want. but they don't because they don't want a bad service.

11. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Changing of the guard, yes. Still a bunch of greedy Richards, yes. Added 2 million "new" subscribers, no. Claimed 2 million force-fed tablets as "new sub's", yes. Call me when Scammo is gone, maybe I'll feel different about these hooks...

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