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Verizon announces organization evolution to accelerate efficiency and growth

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Tuesday, October 11, 2022
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NEW YORK, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Today Verizon announced the formation of a new, enterprise wide, shared services organization, advancing their strategy for 2023.

Key Points: 
  • NEW YORK, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Today Verizon announced the formation of a new, enterprise wide, shared services organization, advancing their strategy for 2023.
  • In announcing these changes today, Verizon Chairman and CEO Hans Vestberg said, This is a logical evolution of our strategy.
  • These moves will accelerate our efforts to drive efficiencies, enabling us to reinvest savings in network superiority and customer growth.
  • Verizon will discuss the economic benefits of establishing Verizon Global Services in its 3Q earnings communications on October 21.