July 22, 2011 11:59 am EDT

Verizon promotes Lowell McAdam to CEO, Ivan Seidenberg stays on as Chairman

Ivan Seidenberg, the man who took the helm as Big Red steered its ship into the iPhone's waters, is stepping down as CEO effective August 1st, the completion of a succession plan that's been underway since last year. His replacement? Current President Lowell McAdam, who helped lead the charge to bring Apple's smartphone to the company's subscribers -- and who proudly stood on stage with Apple's Tim Cook to announce it. Seidenberg will remain Chairman for the time being to help aid in the transition, and while we're not sure for just how long that will be, we wonder if maybe he's not just waiting to pick up a Bionic before heading out.

Continue reading Verizon promotes Lowell McAdam to CEO, Ivan Seidenberg stays on as Chairman

Verizon promotes Lowell McAdam to CEO, Ivan Seidenberg stays on as Chairman originally appeared on Engadget on Fri, 22 Jul 2011 07:59:00 EDT. Please see our terms for use of feeds.

PermalinkTechCrunch | Verizon ||Comments

Original Link: http://www.engadget.com/2011/07/22/verizon-promotes-lowell-mcadam-to-ceo-ivan-seidenberg-stays-on/

View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget