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The Wall Street Journal

Verizon Shakes Up Executive Team After Tough Year

Verizon Communications said its finance chief is leaving and named a new head of its consumer business, a management shuffle that sets up a contest to succeed Chief Executive Officer Hans Vestberg. Mr. Vestberg, 57, last year succeeded Verizon’s consumer chief and took the segment over himself. Now, Sowmyanarayan Sampath, the current head of Verizon’s business-focused unit and a longtime executive at the company, will take the reins of the consumer business.

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