Verizon Consumer Group CEO Manon Brouillette (pictured) stepped down from her role after less than a year in charge, with Hans Vestberg adding the role to his existing portfolio of responsibilities.
Prior to taking charge of the division in January [1], Brouillette was deputy CEO under Ronan Dunne, having joined the company in June 2021 [2].
The executive previously worked for Canadian player Videotron.
Vestberg, who is chairman and CEO of Verizon Communications, stated his immediate priority for the consumer unit was “driving a closer consistency between the top quality network product we’re bringing to market and the operational results we’re producing”.
Operating revenue at the consumer unit grew 10.8 per cent year-on-year to $25.8 billion in Q3 [3], though a 17.5 per cent rise in expenses resulted in a 3.2 per cent drop in operating income to $7.3 billion.
The division was formed in 2019 and covers Verizon’s fixed and wireless consumer-facing services.
[1] https://www.mobileworldlive.com/featured-content/top-three/manon-brouillette-to-head-verizon-consumer-group/
[2] https://www.mobileworldlive.com/featured-content/top-three/verizon-deputy-consumer-ceo/
[3] https://www.mobileworldlive.com/featured-content/top-three/verizon-targets-cost-reductions-as-profit-falls/
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