Verizon Wireless: Dan Mead out, John Stratton in as head of the nation's largest carrier13
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