Mr. Vestberg, who joined the company about a year ago and is its chief technology officer, will succeed longtime CEO Lowell McAdam on August 1.
Vestberg inherits a company that is losing its most valuable monthly subscribers and facing the threat of intensifying competition, as smaller, scrappier rivals Sprint and T-Mobile try once again to merge.
McAdam, 64, who has been CEO since 2011, will serve as executive chairman until the end of next year, when he will retire and become non-executive chairman, a Verizon statement said.
Verizon tapped a technology expert as it races against other wireless carriers to develop a 5G network that would deliver faster speeds.
Hans Vestberg, according to media reports earlier, was also considered for the CEO position at software giant Microsoft before the US-based technology company finalized Sathya Nadella.
Wells Fargo Analyst Jennifer Fritzsche said the choice of Vestberg speaks volumes about Verizon's future priorities. He previously was CEO at Ericsson before exiting in mid-2016.
The company said today that "Vestberg has spearheaded Verizon's efforts to deliver seamless experiences for customers over the company's network, while demonstrating a willingness to disrupt established processes and practices to make Verizon stronger and more efficient".
Vestberg was a founding member of the International Telecommunications Union (ITU) Broadband Commission for Digital Development, where he led climate-change and digital-health initiatives.
The presence of Lowell C McAdam will assist Hans Vestberg to steer the growth of Verizon and bring new business.
Stratton, 57, has served Verizon and its predecessor, Bell Atlantic Mobile, for more than 25 years, holding various executive-level positions. It also closed the largest technology deal of all time in 2014, buying Vodafone's 45% stake in Verizon Wireless for $130 billion. Verizon's says it has returned more than $54 billion to shareholders in cash dividends since 2011.
Vestberg, 52, joined the wireless provider previous year and has been working on Verizon's networks, including the 4G LTE network.
Verizon said he led the acquisitions of major media, fiber and telematics assets, including AOL, Yahoo, XO Communications and optical fiber from Corning as well as divestment of wireline, tower and data center operations. But it has also aggressively pushed its 4G LTE technology and FiOS broadband network.
Trump a déjà accordé un pardon posthume à Jack Johnson, le premier Noir à avoir été champion poids lourd. Mohamed Ali était à l'époque l'une des personnalités les plus en vue du Mouvement des droits civiques .
To maintain "stability", Sanchez has also promised to implement the 2018 budget crafted by the previous conservative government. José Luis Zapatero, the last socialist prime minister, had appointed an equal number of male and female ministers.
Simon has worked as a freelance journalist for almost a decade and written for The Ottawa Sun, the Vancouver Sun and the Star. Paul said police have also made room to detain people if need be in the main police station of Saguenay.
Liverpool's Mohamed Salah looks dejected after sustaining an injury during the Champions League Final in Kiev May 26, 2018. Without him, Egypt toiled up front in a 0-0 draw with fellow World Cup entrants Colombia in Italy on Friday night.
Pas attendues à ce niveau du tournoi, les deux finalistes du dernier US Open s'affronteront donc pour une place en finale, samedi. Elle n'a concédé qu'une seule fois son engagement dans cette partie, alors qu'elle servait pour le gain du match à 6-4 5-2.
Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance. In an interview earlier today on CNBC , Warren Buffett and Jamie Dimon told viewers to "beware" of bitcoin .
Prendrez-vous bientôt le volant d'une voiture volante? Elles sont aussi disponibles depuis mercredi en précommande aux États-Unis. Son autonomie varie de 12 à 20 minutes en fonction du poids de l'occupant, les facteurs environnementaux et la vitesse atteinte.
Selon une loi votée en 2015 par le Parlement autrichien, les imams ne peuvent être salariés par un gouvernement étranger. L'Autriche, un pays de 8,8 millions d'habitants, compte environ 600 000 musulmans, la plupart originaires de Turquie.
Anthony Bourdain left a mark in Denver
In 2013, Peabody Award judges honored Bourdain and " Parts Unknown " for "expanding our palates and horizons in equal measure". Ripert released a statement: Anthony was a dear friend. "An exceptional human being, so inspiring & generous".
French Open Final: Thiem to shock in side markets
In Saturday's women's final, number one Simona Halep of Romania will face number 10 Sloane Stephens of the United States. Otherwise, he stayed steady in a 7-6 (5), 5-7, 6-3, 7-5 win over No. 3 Marin Cilic in a matchup between two past U.S.
Thousands in London for Trooping the Colour spectacle
Colours, or flags, were carried, or "trooped", down the rank so that they could be seen and recognised by the soldiers. The Countess of Wessex, Lady Louise Windsor, Princess Beatrice and Princess Eugenie shared a carriage behind them.
Former garbo to make shock Wallabies debut
Veteran flyhalf Johnny Sexton was relegated to the bench to allow Joey Carbery to start a test match for just the third time. Paenga-Amosa worked as a trash collector for eight months after finishing school in Sydney before studying theology.
Tiger Woods yacht 'Privacy'
The area around Shinnecock Hills on the eastern end of Long Island is full of lovely rental homes and beachside hotels. After offering the boat to Elin Nordegren during their divorce proceedings, Woods tried to sell the boat in 2011.