Verizon Communications (NYSE: VZ) has promoted 22-year company veteran Bob Toohey to the president of Verizon Business.
Toohey, who will take his new role immediately, comes after Verizon appointed former Verizon Business President Fran Shammo as the service provider's executive vice president and chief financial officer of Verizon Communications. Previously, Shammo led the company's combined consumer and business wireline operations.
Prior to becoming President of Verizon Business Toohey most recently served as senior vice president of global customer care and services for Verizon Business. Over the course of his 22 year career with Verizon, which began at the former GTE in 1988, Toohey served in various finance, operations and human resources positions. More recently, Toohey served as the senior vice president of global customer care and services for Verizon Business.
The appointment of Toohey and Shammo to their new positions is part of a broader management shuffling as two key Verizon Communications executives--Dennis Strigl and John Killian--decided to retire from the company.
Of course, the bigger question is who will replace Ivan Seidenberg, Verizon Communications' current chairman and CEO, who is rumored to retire next year? Although Killian was being eyed as the successor to the Verizon throne, it's more likely that post will go Lowell McAdam as President and COO or another internal candidate.
- see the release
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