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Verizon Wireless says chief technology officer will replace outgoing CEO

By Joe Williams
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Verizon Wireless says chief technology officer will replace outgoing CEO

Verizon Wireless’s chief technology officer is slated to lead the company following the pending retirement of its current chief executive officer, the telecommunications giant announced on Friday.

Executive vice president Hans Vestberg will succeed Lowell McAdam as CEO after he retires on Aug. 1. McAdam has served in the top role since 2011 and the 52-year old Vestberg joined the company last year as its top technology chief.

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