Verizon names Melone to CTO post

Verizon Communications (NYSE: VZ) has appointed Tony Melone, Verizon Wireless' CTO, as the telco's new executive vice president and chief technology officer, in one of the latest changes taking place in the top executive ranks at Verizon Communications.

Melone is taking over the CTO reins from Shaygan Kheradpir, who is retiring this month after 23 years with the company. Kheradpir, who began his telecom career in 1987 with the former GTE, served as Verizon Communications' CIO until he was appointed as CTO in October. Following his retirement from Verizon, Kheradpir is going to move to London to join Barclays Global Retail Banking (GRB) as its new COO beginning next year.

Best known for his work in advancing Verizon's LTE, Melone has been CTO of Verizon Wireless since 2007. Before taking the CTO post at Verizon Wireless, he served as vice president of Verizon Wireless' network operations.  Melone will be replaced by David Small, previously the president of Verizon's Northeast area.

Since September, Verizon has been shuffling the corporate deck following the retirement of various high level executives.

Lowell McAdam, Verizon Wireless' CEO, became Verizon Communications COO, a move that obviously prepares him to take over the CEO position when Ivan Seidenberg retires in 2011. Meanwhile, Francis Shammo, the former president of Verizon Business, took the CFO post in November when John Killian retired from the company.

For more:
- see the release

Related articles:
Verizon promotes Melone to top CTO position
Could Lowell McAdam become Verizon's next CEO?
Verizon's CFO John Killian to retire at the end of 2010
Verizon: COO Dennis Strigl to retire by end of 2009
Verizon COO Strigl to retire by year-end
Verizon CFO to retire by mid-year

Suggested Articles

In order to help fuel its fiber ambitions in the Midwest, Everstream announced it has secured $342.5 million in debt financing from nine banks.

The winds of changes swept through IBM on Monday as the company named Howard Boville as the new head of its cloud business.

As Frontier Communications charts a course to a bankruptcy filing next week, the company regrets not spending more on fiber network upgrades.