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Verizon rejigs finance team

Senior Vice President Tom Bartlett has replaced Bill Heitmann as Verizon's treasurer, as part of a shake-up at the carrier.

Verizon Communications said on Monday that it has rearranged its top finance management team. Senior Vice President Tom Bartlett has replaced Bill Heitmann as Verizon's treasurer, responsible for corporatewide financing and cash management, effective Jan. 20. Heitmann was named last month as senior vice president for finance, which means he will be in charge of the carrier's investment portfolio.

Cathie Webster, who had served as vice president of finance for enterprise and wholesale markets, takes over as senior vice president for investor relations, the position vacated by Bartlett. A replacement for Webster will be announced later, Verizon said.