Verizon CFO Shammo to Step Down Nov. 1
Fran Shammo, Verizon chief financial officer since 2010, will step down Nov. 1, to be succeeded by Matthew Ellis, the carrier said Thursday. Ellis is senior vice president-operations and finance. The company has great “bench strength,” said CEO Lowell McAdam…
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in a news release. “Within months of joining Verizon as treasurer in 2013, Matt led the team that raised a record $49 billion in one day to help finance Verizon’s acquisition of Vodafone’s interest in Verizon Wireless.” Shammo will remain at Verizon through the end of the year to help with the transition, Verizon said.