Verizon Business is primed for a leadership shakeup as a long-time executive is set to step aside to be replaced by a current revenue lead.
The moves will see current Verizon Chief Revenue Officer Sowmyanarayan Sampath named EVP and CEO of Verizon Business effective July 1. Sampath will replace long-time Verizon Business leader Tami Erwin, who will be moving to Strategic Advisor to Verizon CEO Hans Vestberg. Erwin’s new position is set to last until the end of the year, at which point she will be leaving the company.
Sampath joined Verizon in 2014, having previously served as a partner and managing director at analyst firm Boston Consulting Group. His initial work was in the telecom giants' business transformation efforts that resulted in the creation of its network transformation and OneFiber platforms.
Sampath also worked as chief product officer for consumer and enterprise businesses to help develop IoT, video, and 5G products, and later a president of Verizon Global Enterprise to help launch the carrier’s 5G networks and multi-access edge computing (MEC) services.
“Sampath brings more than two decades of experience in digital transformation and critical network infrastructure on behalf of business customers to his new role at Verizon, plus extensive knowledge of products and their role in powering enterprise growth and global security,” Vestberg said in a statement. “I am proud of the Verizon Business team’s drive and continued growth as part of our customer-facing transformation model. Given Sampath’s distinguished Verizon tenure, this will be a seamless transition and I expect him to continue the business momentum.”
The move marks a big change for Vestberg, who promoted Erwin to oversee Verizon Business as one of his first corporate moves after taking on the CEO role in 2018. Erwin previously served as EVP of Verizon’s wireless operations.
Vestberg recently told investors that it could be up to 10 years before the carrier sees a payoff from its multi-billion-dollar investment into 5G spectrum and technology. The carrier is looking for growth opportunities in MEC, private networks, IoT, and fixed wireless access.