It looks like Verizon Communications may have found their number two guy in Verizon Wireless' current chief Lowell McAdam. A report in The Street suggests that Verizon will name McAdam COO to take the place of Denny Strigl, who will retire at the end of this year. Although nothing has been confirmed by Verizon yet, if McAdam does take the COO spot, he will take the same journey that led Strigl to become the next executive in line to potentially take over the company if and when Ivan Seidenberg decides to retire. But it appears that Seidenberg has no intention of leaving Verizon's top spot in the near future.
The potential appointment of McAdam is recognition of the telco's increasing interest in next-gen wireless networks. Already, Verizon Wireless has taken the lead over RBOC brother AT&T to build out an advance LTE 4G wireless networks with a number of cities set to go live with service this year. In contrast to Strigl, McAdam seems to be more open to letting new application and handset vendors run their respective products on the Verizon Wireless Network.
- The Street has this article
Verizon: COO Dennis Strigl to retire by end of 2009