Verizon consumer division chief Sowmyanarayan Sampath departing company

WASHINGTON: Verizon on ⁠Thursday said its consumer division chief Sowmyanarayan Sampath is stepping down, as the U.S. wireless carrier mounts ‌a ‌turnaround effort under its new CEO Dan Schulman.

Sampath had ‌headed the consumer unit since March 2023 and will remain until March 31. Verizon said in a statement its chief transformation officer, Alfonso Villanueva, will serve as interim CEO of Verizon Consumer Group.

In ‌November, Verizon ‍said it would cut ‍13,000 jobs and convert 179 corporate-owned retail stores ‌into franchised operations. Villanueva joined Verizon in November after previously working with Schulman at PayPal.