As of Tuesday, Verizon has a new head of its wireline and wireless operations business. The company said its former executive vice president and president of its global enterprise and consumer wireline group, John Stratton, will now serve as the executive vice president and president of operations, in charge of Verizon Wireless and Verizon's wireline segments. Stratton replaces Verizon executive vice president and the former CEO of Verizon Wireless, Dan Mead, who is preparing for retirement.

A filing with the SEC revealed that Mead will continue to work with Verizon as the company transfers "wireline operations in California, Florida and Texas to Frontier Communications Corporation." During that time Mead will stay on as executive vice president and president of strategic initiatives and will report to CEO and chairman Lowell McAdam. Following the completion of Verizon's deal with Frontier Communications Corporation, Mead will retire, the company explained.

Mead first took his post as the head of Verizon Wireless, at the time a joint venture between Verizon Communications and Vodafone, in 2010. Verizon Communications acquired Vodafone's stake in the business last year. Prior to serving as the CEO of Verizon Wireless, Mead held posts as the president of Verizon Telecom and the president of Verizon Services corporation.