Oath Announces New CFO To Take Company Through Next Phase of Growth
January 26 2018 - 8:00AM
Business Wire
Today, Oath, a Verizon (NYSE, Nasdaq: VZ) subsidiary and the
parent company of Yahoo, AOL, HuffPost, and other dynamic brands
that serve a combined billion global consumers, announces that
Vanessa Wittman will join the company as Chief Financial Officer
(CFO). Ms. Wittman is a recognized business leader with impressive
financial experience in the tech and media industries, having
previously served as CFO at Dropbox, Motorola, and Marsh &
McLennan.
At Oath, Ms. Wittman will lead global financial strategy and
operations. She will partner with Oath CEO Tim Armstrong to help
propel Oath's strategic expansion as it becomes one of the world's
largest internet and mobile brand companies.
“Vanessa is an exceptional leader with singular experience, and
she will be a great partner to help drive Oath's vision, strategy,
and operations to reach our long term goals,” said Tim Armstrong,
CEO, Oath. “Vanessa joins Oath at an exciting point in our journey
to build a differentiated company creating the future of mobile and
the internet in combination with Verizon. I want to thank Holly
Hess for being a founding force at Oath, as well as a driver behind
the original Verizon and AOL deal. She made significant
contributions to Oath and we look forward to continued
collaboration with Holly in her new role at Verizon.”
“I’m thrilled to join the Oath leadership team to help
accelerate its growth,” said Vanessa Wittman, CFO, Oath. “The team
has laid a solid foundation through the integration efforts over
the last several months, and I look forward to helping drive the
expansion of current business lines while investing in innovative
bets for the future.”
Oath’s former CFO Holly Hess will take on a newly created role
at Verizon where she will lead Verizon’s previously announced $10B
cost savings initiative. Ms. Hess will report to Verizon CFO Matt
Ellis. In her three years at Oath, Ms. Hess lead the Oath team
through the close of Verizon’s acquisition of Yahoo in June 2017,
strengthening Oath’s global financial infrastructure and
establishing best-in-class revenue and accounting systems through
the integration.
About Oath
Oath, a subsidiary of Verizon, is a values-led company committed
to building brands people love. Oath reaches one billion people
around the world with a dynamic house of media and technology
brands. A global leader in digital and mobile, Oath is shaping the
future of media. For more on Oath, visit www.oath.com.
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in
New York City, generated $126 billion in 2017 revenues. The company
operates America’s most reliable wireless network and the nation’s
premier all-fiber network, and delivers integrated solutions to
businesses worldwide.
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Oath Media Relations:Suzanne Philionpress@oath.comorVZ
Media RelationsAdria
TomaszewskiAdria.tomaszewski@verizonwireless.com
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