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Hans Vestberg
Sweden
2018

Verizon

Hans
Vestberg

CEO

The 25-year veteran of Swedish telecommunications company Ericsson is now running one of the U.S.’ top two wireless carriers and looking to build out next-gen 5G networks nationwide. Vestberg joined Verizon as CTO in early 2017, before taking the reins as CEO in August 2018. The Swedish native had spent most of his career at Ericsson, where he traveled the globe in various management roles including CFO. His focus at Verizon will be on making the company’s industry-leading mark in low-latency 5G wireless — think high volume and superfast — infrastructure, which it’s launching in test markets in 2018. At the same time, Vestberg is overseeing the company’s broad digital-media play with Oath, which couples AOL and Yahoo.

Career

  • Verizon
  • Ericsson
  • United Nations Foundation
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News from Variety

Verizon Names CTO Hans Vestberg Next CEO, Replacing Lowell McAdam

Verizon Names CTO Hans Vestberg Next CEO, Replacing Lowell McAdam

Lowell McAdam is stepping down as CEO of Verizon Communications on Aug. 1, to be replaced by former Ericsson chief exec Hans Vestberg, the telco announced Friday.McAdam, 64, will serve as executive chairman of the board through his retirement from Verizon at the end of the year, at which time he will become non-executive chairman. His exit has been widely expected on Wall Street, but the company hadn't provided a clear picture of the succession plan.Now Verizon's board has made...

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