Tim Armstrong, the CEO of Verizon’s media and advertising business, Oath, will step down from his position in October, according to Verizon.
Effective October 1, Oath president and COO Guru Gowrappan will assume the role of CEO and will report to Verizon CEO Hans Vestberg. Armstrong will stay on at the firm to help with transition until the end of 2018.
Armstrong has been at Verizon since it acquired AOL in 2015. He helped shepherd the 2017 acquisition of Yahoo, which joined AOL to create Oath.
Click here to read more about Armstrong’s exit.
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