Hans Erik Vestberg net worth and biography

Hans Vestberg Biography and Net Worth

Hans Vestberg is chairman and chief executive officer of Verizon Communications, a leading provider of wireless, fiber-optic and global Internet networks and services. Prior to assuming the role of CEO in August 2018 and the role of Chairman in March 2019, Mr. Vestberg served as Verizon’s chief technology officer and president of Global Networks from 2017, with responsibility for further developing the architecture for Verizon’s fiber-centric networks. At Verizon, he has focused on transforming the businesses 2.0 customer-centric strategy, leading the company to be first in the world to deploy 5G home and mobile technology, delivering seamless experiences for customers over network assets consisting of the country’s leading 4G LTE network, the nation’s biggest residential fiber network, a global internet backbone and undersea cable network carrying much of the world’s internet traffic, and fiber assets in 45 of the top 50 markets in the U.S.

Before joining Verizon in April 2017, Vestberg served for six years as president and CEO of Ericsson, a multinational networking and telecommunications equipment and services company headquartered in Sweden that provides 35 percent of the world’s 2G, 3G and 4G mobile network infrastructures. For more than a decade after joining Ericsson in 1991, he gained broad international experience with leadership positions on four continents. He was instrumental in developing Ericsson’s industry-leading services organization, which grew three-fold during his five years of management. In 2007 he became Ericsson’s chief financial officer, and he was named CEO in 2009. As CEO, he led more than 115,000 employees as the company transformed from a focus on hardware to software and services.

Vestberg was a founding member of the International Telecommunications Union (ITU) Broadband Commission for Digital Development, where he led climate-change and digital-health initiatives. He is past chairman of the Swedish Olympic Committee and a current member of the Leadership Council of the United Nations’ Sustainable Development Solutions Network, where he helped author the UN’s Sustainable Development Goals. He is a board member of BlackRock, the UN Foundation and the Whitaker Peace & Development Initiative. He also chairs the World Economic Forum’s EDISON Alliance. Vestberg is a leading voice at technology and global economic conferences including the Consumer Electronics Show, Mobile World Congress, Brilliant Minds, and the World Economic Forum Annual Meeting in Davos.

Born in Hudiksvall, Sweden, Hans earned a Bachelor of Business Administration degree from the University of Uppsala in Sweden. He is married with two children and is fluent in Swedish, English, Spanish, and Portuguese.

How old is Hans Erik Vestberg?

Mr. Vestberg is currently 57 years old. There are 6 older executives and no younger executives at Verizon Communications. The oldest executive at Verizon Communications is Mr. James J. Gerace, Sr. VP & Chief Communications Officer, who is 58 years old. Learn More on Hans Erik Vestberg's age.

How do I contact Hans Erik Vestberg?

The corporate mailing address for Mr. Vestberg and other Verizon Communications executives is 1095 AVENUE OF THE AMERICAS, NEW YORK NY, 10036. Verizon Communications can also be reached via phone at (212) 395-1000 and via email at [email protected] Learn More on Hans Erik Vestberg's contact information.

Has Hans Erik Vestberg been buying or selling shares of Verizon Communications?

Hans Erik Vestberg has not been actively trading shares of Verizon Communications during the last ninety days. Most recently, on Wednesday, January 26th, Hans Erik Vestberg bought 19,000 shares of Verizon Communications stock. The stock was acquired at an average cost of $52.55 per share, with a total value of $998,450.00. Learn More on Hans Erik Vestberg's trading history.

Who are Verizon Communications' active insiders?

Verizon Communications' insider roster includes Matthew Ellis (Exec. VP & CFO ), Tami Erwin (CEO), Guru Gowrappan (CEO), Craig Silliman (EVP), Anthony Skiadas (SVP), Hans Vestberg (CEO), and Marni Walden (EVP). Learn More on Verizon Communications' active insiders.

Are insiders buying or selling shares of Verizon Communications?

During the last twelve months, Verizon Communications insiders bought shares 1 times. They purchased a total of 19,000 shares worth more than $998,450.00. During the last twelve months, insiders at the cell phone carrier sold shares 9 times. They sold a total of 36,099 shares worth more than $1,827,829.35. The most recent insider tranaction occured on July, 5th when EVP Craig L Silliman sold 1,558 shares worth more than $80,112.36. Insiders at Verizon Communications own 0.1 % of the company. Learn More about insider trades at Verizon Communications.

Information on this page was last updated on 7/5/2022.

Hans Erik Vestberg Insider Trading History at Verizon Communications

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
1/26/2022Buy19,000$52.55$998,450.00View SEC Filing Icon  
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Hans Erik Vestberg Buying and Selling Activity at Verizon Communications

This chart shows Hans Erik Vestberg's buying and selling at Verizon Communications by year and by quarter.

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Verizon Communications Company Overview

Verizon Communications logo
Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.
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Today's Range

Now: $38.67
Low: $38.46
High: $39.33

50 Day Range

MA: $43.12
Low: $38.89
High: $47.66

2 Week Range

Now: $38.67
Low: $38.63
High: $55.51

Volume

857,151 shs

Average Volume

22,076,804 shs

Market Capitalization

$162.40 billion

P/E Ratio

7.75

Dividend Yield

6.58%

Beta

0.36