Verizon announced the formation of a new, enterprise wide, shared services organization, advancing their strategy for 2023. Chief Administrative Officer and General Counsel, Craig Silliman, will be taking on a new role leading the company's new central support services operations, as President, Verizon Global Services (VGS). Craig and VGS will be responsible for most shared services teams within Verizon including Real Estate, Sourcing, Supply Chain, Fleet, Finance Operations, Global Technology Solutions, Reporting and Insights, Learning and Development, Public Policy and Information Security.

Craig and VGS also will be responsible for bringing a holistic approach to Verizons partner ecosystem, which consists of tens of thousands of vendors providing services to the company, to ensure seamless and efficient business processes. Craig Silliman brings the experience of seeing the entire Verizon business from his current CAO role, as well as an increasingly critical role navigating the past few unprecedented years. Hans and the board have repeatedly called on Craig to tackle the company's most strategic and difficult challenges, from Work from Home mobilization to supply chain to spectrum and other acquisitions to various strategic negotiations.

As Craig steps into this new role, effective immediately, Vandana Venkatesh, will assume his responsibilities as Chief Legal Officer. In this new role, Vandana will report to Hans Vestberg and lead the company's legal, privacy, and corporate security functions. Vandana is currently SVP and General Counsel for the Verizon Consumer Group (VCG).

She has led a variety of leadership roles in the company supporting Enterprise, Public Sector, Information Technology, and Sourcing business units.