Verizon Communications' (NYSE: VZ) executive vice president and strategic policy advisor to Lowell McAdam, Randal Milch, announced he is retiring from the company later this month.
A 20-plus year company veteran, Milch was most recently charged with overseeing the telco's strategic policy initiative. Earlier, he served as executive vice president, public policy and general counsel and as the senior vice president and general counsel of Verizon's domestic telecom business.
During his tenure as general counsel, Milch established Verizon's in-house, pro-bono program, which allows Verizon attorneys to provide legal support for veterans and victims of domestic violence and teach low-income students about the law. As head of public policy, Milch led efforts in the areas of national security, cybersecurity, net neutrality, corporate governance, intellectual property and privacy.
In 2012, Milch became the executive VP of global public policy and communications, taking over the role from Thomas Tauke, who became regulatory advisor to CEO Lowell McAdam.
Craig Silliman, who has served as Verizon's executive vice president, public policy and general counsel, since January, will take on Milch's duties. Among the key issues that Silliman will be tasked with tackling for Verizon will be the ongoing battle over the FCC's net neutrality rules that reclassify ISPs under Title II of the Communications Act. Verizon has been working with industry groups such as the USTelecom Association, which filed a petition asking the U.S. Court of Appeals for the DC Circuit to stay the FCC's Open Internet order.
Silliman comes to his new role with plenty of policy and business experience. Before taking on his current role, he was senior vice president for public policy and government affairs, with responsibility for Verizon's global public policy, federal and state legislative affairs, federal regulatory affairs, strategic alliances, national security, privacy and corporate citizenship.
He also served in a number of other senior management roles at Verizon, including senior vice president and general counsel for Verizon's wireline consumer, business and wholesale groups globally, and senior vice president and deputy general counsel, with responsibility for antitrust, intellectual property, national security, privacy and strategic product support.
Milch is just one of a few executives who have announced their retirement from the telco. Dan Mead, who is best known as Verizon's executive VP and president and CEO of Verizon Wireless, expects to retire after he completes strategic initiatives like the sale of wireline assets in three states to Frontier Communications later this year.
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This article was updated on May 15 to correct Randal Milch's title.