Hans Vestberg, after a six-year stint as CEO of Ericsson, joined Verizon in April 2017 as executive vice president, chief technology officer and president of global networks. Today the carrier announced Vestberg will become CEO effective Aug. 1, taking over for Lowell McAdam who will serve as executive chairman of the board through the end of the year, then transition into a non-executive chairman of the board position. McAdam has been CEO since Aug. 1, 2011.
