Terremark, Verizon's (NYSE: VZ) cloud and managed services subsidiary, has promoted Nelson Fonseca as its new president.
Fonseca takes over the reins from Kerry Bailey, who was just last week named chief marketing officer of Verizon Enterprise Solutions, a new group that will now oversee all of the telco's wireline and wireless business, government and wholesale operations.
Prior to this promotion, Fonseca served in two high-profile roles at Terremark, including most recently as COO and before that as the president of the company's U.S. Public Sector business. As president of Terremark's U.S. Public Sector business unit, he oversaw the company's federal business in addition to its state and local government programs and its Network Access Point of the Capital Region campus in Culpeper, Va.
Verizon's move to consolidate its business operations under one roof is another one of CEO Lowell McAdam's ongoing moves to drive more of the entrepreneurial mindset that he and John Stratton (now Verizon Enterprise Solutions' president) drove during their tenure at Verizon Wireless.
- see the release
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