Oath, a unit of Verizon that runs Yahoo and AOL, has hired Vanessa Wittman ac CFO, charged with leading the unit through its “next phase of growth.”
Wittman, who will report to Oath CEO Tim Armstrong, has previously been CFO at Dropbox, Motorola and March & McLennan.
Former Oath CFO Holly Hess is moving to a newly created role at Verizon, where she will lead Verizon’s previously announced $10 billion cost savings initiative, and report to Verizon CFO Matt Ellis.
“Vanessa is an exceptional leader with singular experience, and she will be a great partner to help drive Oath's vision, strategy, and operations to reach our long term goals,” Armstrong said in a statement. “Vanessa joins Oath at an exciting point in our journey to build a differentiated company creating the future of mobile and the internet in combination with Verizon. I want to thank Holly Hess for being a founding force at Oath, as well as a driver behind the original Verizon and AOL deal. She made significant contributions to Oath and we look forward to continued collaboration with Holly in her new role at Verizon.”