Oath Hires New CFO

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.”

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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.”