Verizon has appointed GE and EMC IT alumnus Vic Bhagat as CIO of the telco’s Enterprise Solutions unit.
Bhagat will drive technology strategy and align IT with corporate objectives across Verizon Enterprise Solutions with an eye on driving efficiency. As part of his role, Bhagat will lead a team that will create and deliver a new set of next-gen integrated enterprise services.
A 30-year IT and telecom veteran, Bhagat comes to Verizon from EMC where he served as the EVP and CIO. There, he oversaw the company's transformation of their global centers of excellence that led to the delivery of IT as a service.
Earlier, Bhagat spent over 20 years at GE, serving as the CIO for multiple organizations, including GE Aviation Services, GE Global Growth and Operations, CNBC, GE Corporate, and GE India and Southeast Asia.
Verizon Enterprise is in an interesting position. Like other traditional ILECs, the service provider is facing the daunting challenge of driving profitability in the business segment as more of its large customers migrate off of legacy TDM to IP-based platforms.
This transition, coupled with pricing pressures, continued to be an issue for Verizon’s Global Enterprise group in the second quarter, as the group's revenues dipped 2.4 percent to $2.9 billion.
For more:
- see the release
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