As Verizon moves towards billion-dollar annual cost cuts, the company is making changes to the leadership of its 20-year-old corporate venture arm.
Chris Bartlett, the five-year head of Verizon Ventures, has transitioned into a new division, becoming CFO of Verizon Business Group. In his stead will be Madison Rezaei, Verizon’s vice president of new business strategy, who will be head of the venture arm and oversee its investment team and day-to-day operations. John Nitti, Verizon’s senior vice president of strategic partnerships and new business development, has been named Verizon Ventures’ CIO, where he will be identifying Verizon’s investment focus and strategy as well as working with founders.
