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Verizon looks for candidates to replace head of consumer division, FT says

The head of Verizon’s (VZ) consumer division Sowmyanarayan Sampath was once viewed as the company’s CEO in waiting, but now Verizon has begun to look for potential replacements in recent weeks, Kieran Smith of The Financial Times reports, citing two people familiar with the matter. This comes as Verizon continues to lose ground to competitors, Additionally, the company is still reeling from a major outage in January.

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