According to a Verizon news release, Sowmyanarayan Sampath, an Indian American, will be the new CEO of Verizon Business. Sampath joined Verizon in 2014 and will continue in his present role as Chief Revenue Officer for Verizon Business until June 30. According to the press release, Sampath has demonstrated strategic planning prowess in several roles during his stint with the organisation.
- Sampath will report directly to Verizon Chairman and CEO Hans Vestberg.
- Sampath has in-depth understanding of Verizon’s products and the company’s role in supporting enterprise development and global security, according to Vestberg, with more than two decades of experience in key network infrastructure and digital transformation.
- Sampath worked at KPMG and Boston Consulting Group before joining Verizon. He graduated from St. Xavier’s College in Kolkata with a bachelor’s degree in accounting, a Chartered Accountancy from the Institute of Chartered Accountants of India, and an MBA from Boston University.
- Verizon Business is at a crossroads, as the firm recently stated that its customers would soon benefit from increased capacity and better speeds on the 5G Ultra Wideband network, thanks to the inclusion of 5G service using CBRS spectrum.