NEW YORK — Marni Walden, the Verizon executive who oversaw the company’s $4.48 billion acquisition of Yahoo this year, announced her plans to leave the company in February 2018.
Walden is the executive vice president and president of Global Media at Verizon. No reason was given for her departure.
Verizon said that effective December 31, 2017, Walden will move into a strategic advisor role with the company and continue to report to Verizon Chairman and CEO Lowell McAdam until her departure. Following that date, Tim Armstrong, CEO of Oath, who will continue to be responsible for leading Oath, will report directly to McAdam. The Telematics organization will report to John Stratton, executive vice president and president of Global Operations.
Oath was formed after the Yahoo deal as an umbrella for Verizon’s content brands which include Yahoo, AOL, Huffington Post, Techcrunch, Brightroll and Tumblr.
“Marni helped build our wireless business, starting as a sales representative in a store, and grew into an inspirational leader and role model for so many at Verizon,” said McAdam. “She has most recently spearheaded Verizon’s entry into global digital media and telematics and will leave us in a strong competitive position.”