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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VZ:
- Verizon: Strengthened Fiber Strategy, Cost Efficiencies, and Capital Discipline Underpin Buy Rating and Upgraded Price Target
- Verizon Earnings Call Flags Turnaround Momentum
- Midday Fly By: Warsh nominated for Fed chair, Apple reports Q1 beat
- Early notable gainers among liquid option names on January 30th
- Unusually active option classes on open January 30th
