Verizon Promotes Legal Chief to New Global Services Presidency

Verizon Communications Inc. is promoting general counsel Craig Silliman to the new role of president of global services, including real estate, supply chain, finance, technology, security and public policy, the company announced Tuesday.

Deputy counsel Vandana Venkatesh will replace Silliman as legal chief, Verizon said.

“These moves will accelerate our efforts to drive efficiencies, enabling us to reinvest savings in network superiority and customer growth,” Hans Vestberg, Verizon’s chief executive officer, said in a statement.

Verizon, which lowered its annual forecast in July on account of lower customer spending and more competition, said it will discuss the economic benefits of ...