Tim Armstrong will leave Verizon’s Oath at year’s end
Verizon Communications Inc. said Oath Chief Executive Tim Armstrong will depart the media and advertising business at year-end, and named K. Guru Gowrappan as the subsidiary’s next CEO.
Gowrappan will become chief executive Oct. 1, Verizon VZ, +0.46% said Wednesday. He has served as Oath’s president and chief operating officer since April. The former Alibaba Group BABA, +2.54% executive will report to Verizon CEO Hans Vestberg.
Armstrong, Oath’s founder, will help advise the Verizon subsidiary’s management with its transition efforts before leaving the company at the end of year, Verizon said. He will report to Verizon Chairman Lowell McAdam.
Gowrappan, who was Alibaba’s global managing director, focused on international expansion for consumer and enterprise products while at the Chinese e-commerce giant. Previously, he was chief operating officer at Quixey, a mobile startup, and prior to that he was the COO for growth and emerging initiatives at Zynga ZNGA, +0.50% . He has also held several leadership roles at Yahoo and Overture.
An expanded version of this report appears on WSJ.com.
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