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Gowrappan Succeeds Armstrong as Oath's CEO

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NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced that effective October 1, K. Guru Gowrappan, who has served as Oath’s president and COO since April, will assume all management responsibilities at Oath as CEO. He will report to Verizon CEO Hans Vestberg.

Oath founder Tim Armstrong will help guide the Verizon subsidiary’s management transition efforts as a strategic advisor before leaving the company at the end of 2018. He will report to Verizon Chairman Lowell McAdam.

With the integration of AOL/Yahoo operations and ad tech platforms nearing completion under Armstrong’s strategic direction, Gowrappan, who joined Oath from Alibaba Group, will lead the next phase of Oath’s global growth strategy.

In his former role as president and COO, Gowrappan was responsible for the day-to-day operating businesses at Oath, including all of the consumer and customer brands, operations, products and technology.

Armstrong joined AOL in 2009 and was named Oath’s CEO in 2017. He has led Verizon’s digital media and online advertising platform business, and the growth and development of iconic consumer brands such as AOL, Yahoo, RYOT, TechCrunch, HuffPost, MAKERS and many others.

Verizon Communications Inc. (NYSE: VZ)

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