Theres a new head money-man at Verizon Wireless. Andrew Davies has been named vice president and chief financial officer, effective Nov. 15.
Davies fills the void left by John Townsend, who has been named Regional CFO Europe for Vodafone Group, also effective Nov. 15. Townsend has been CFO of Verizon Wireless since January 2005.
Davies joined Vodafone in September 2003. For the past three years, he has served as CFO of Vodafone Essar, the Indian subsidiary of Vodafone Group with operations across India, serving more than 111 million customers. He has held a number of senior positions within the group including CFO of Vodafone Turkey, finance director for Vodafone Japan, and head of finance for the Consumer Business Unit within Vodafone UK. Prior to joining Vodafone, he spent several years in various finance roles for GE, Honeywell and Singlepoint.
Verizon Wireless is the largest U.S. wireless provider in terms of customers and revenue, which totaled $62 billion in 2009.