Tim Armstrong is stepping down.
Verizon
Tim Armstrong, CEO of Verizon’s Oath subsidiary, is leaving.
K. Guru Gowrappan is stepping up.
Verizon
Verizon stated Wednesday that K. Guru Gowrappan will end up being the brand-new CEO of Oath startingOct 1. Armstrong will remain on as a tactical consultant up until completion of 2018.
“Guru has proven experience in scaling businesses globally,” Hans Vestberg, CEO of Verizon, stated in a declaration. “I’m thrilled he will lead Oath in an exciting new phase of growth, building on the foundation Tim and his team have created by delivering brands our customers love.”
Armstrong signed up with AOL in 2009 and ended up being CEO of Oath in 2017 after AOL and Yahoo were integrated into Oath underVerizon As Oath’s chief, he’s supervised of digital media brand names such as TechCrunch, HuffPost, AOL andYahoo
Gowrappan has actually acted as president and chief running officer of Oath given that he got to the business inApril Before that, he was Alibaba’s worldwide handling director. Next month, he will presume task as Oath’s brand-new manager and will report to Vestberg straight.
Though it’s still uncertain why Armstrong is leaving.
A Verizon representative supplied CEO Hans Vestberg’s e-mail to Verizon staff members:
V Team,
As we move our organization forward and place it for the future, I’d like to upgrade you on management modifications within the Oath organization that will quickly occur.
Guru Gowrappan will end up being Oath’s leader October 1, and will drive the next stage of Oath’s worldwide development method. Guru is a tested leader in structure brand names, leading groups and driving outcomes. Since he signed up with Oath previously this year as primary running officer, Guru’s been leading the items, innovation, engineering and sales operations. I’m delighted Guru will lead Oath into the future as we continue to provide brand names our clients like.
Oath creator and CEO Tim Armstrong will end up being a tactical consultant reporting to our Chairman Lowell McAdam and assist in the management shift efforts prior to leaving business at the end of2018 I’m exceptionally grateful to Tim for his numerous contributions to business, and I think his assistance over the next couple of months will continue to enhance Oath’s market capacity.
Please join me in congratulating Guru and thanking Tim.
Hans V.
