Verizon Names Fran Shammo as CFO

Verizon has named Francis Shammo, currently president of Verizon Telecom and Business, as executive vice president (EVP) and chief financial officer (CFO), effective 1 November 2010. Shammo will succeed John Killian, who will retire at the end of the year.

In his current position as president of Verizon Telecom and Business, Shammo is responsible for the company’s consumer, small business, enterprise and wholesale customers worldwide. The unit provides broadband, communications and entertainment services over its state-of-the-art, all-fibre FiOS network and delivers professional services and advanced IT, security, communications and networking solutions globally for enterprise customers.

Prior to taking his current position in 2009, Shammo was president of Verizon Business and prior to that, he served as senior vice president (SVP) and CFO for Verizon Business.

Before joining Verizon Business, Shammo served as president – west area for Verizon Wireless, responsible for the company’s multi-billion dollar operations in the 13 states west of Colorado. He was vice president and controller at the time of Verizon Wireless’ launch in 2000, and was responsible for formulating and implementing its financial processes, as well as leading Sarbanes-Oxley (SOX) compliance and reporting requirements.

Shammo joined Bell Atlantic Mobile in 1989 as general manager for accounting operations, and later held a series of positions of increasing responsibility in finance, mergers and acquisitions, logistics, facilities, regional operations, and planning. Shammo acquired public accounting, retail and tax experience before entering the wireless industry.

Shammo holds a bachelor’s degree in Accounting from Philadelphia University, and a MBA from La Salle University, and is a certified public accountant (CPA).


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