Meanwhile, Verizon this summer shut down Go90, its ad-supported mobile-video service, taking a $900 million hit against Q2 earnings mostly related to the Go90 shuttering. Verizon, along with co-owners NBCUniversal and Hearst, also sold its stake in Awesomeness to Viacom.
Along with Armstrong, two other Oath execs are set to depart in the next month, according to sources: CFO Vanessa Wittman, who joined the company in early 2018 after previously serving as chief financial officer at Dropbox, Motorola, and Marsh & McLennan; and chief communications officer Natalie Ravitz, who joined Oath in May from the NFL.
A Verizon spokeswoman declined to comment on or confirm the imminent exits of Armstrong, Wittman and Ravitz.
For now, Oath COO Guru Gowrappan — whom Armstrong recruited in April — is remaining with the Verizon unit. Gowrappan previously was managing director at Alibaba Group, the Chinese internet giant.
