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Ex-Ericsson CEO Vestberg joins Verizon

Hans Vestberg will lead Verizon's network and technology team

Vestberg's team will work on building out the company's fibre network infrastructures, Verizon said.
Vestberg's team will work on building out the company's fibre network infrastructures, Verizon said.

Verizon Communications has named former Ericsson CEO Hans Vestberg to lead its newly created network and technology team.

Vestberg was the president and CEO of Ericsson for six years, before stepping down in July 2016. He is also the President of the Swedish Olympic Committee, apart from being a member of the board of directors of the UN foundation. 

Vestberg's team will work on building out the company's fibre network infrastructures, Verizon said. He will initially be based in Sweden, and is expected to join the U.S.-based team later this spring.

Verizon's media and telematics unit will be led by Marni Walden as executive vice president and will focus on growing the company's new businesses in digital media, including integrating its pending acquisition of Yahoo.

The company's customer and product operations team, led by John Stratton, will work on operating and growing Verizon's established businesses, such as Verizon Wireless and Verizon Enterprise Solutions.