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Verizon Communications, the largest US telecommunications group, named John Killian, a Verizon insider, to replace Michael Capellas as head of the MCI businesses once the merger is completed.

Mr Killian, aged 50, has worked for Verizon for 27 years, most recently as finance chief of Verizon’s domestic telecom business. In his new job he will be president of the combined MCI and Verizon enterprise solutions group, which sells telephone services to government and corporate customers.

Mr Capellas, who is also aged 50, will remain MCI’s chief executive until Verizon’s $8.44bn acquisition is completed. US regulators are expected to rule on the deal by year end.

The former Compaq Computer chief executive, has run MCI since it emerged from bankruptcy following the WorldCom accounting scandal. In a regulatory filing last month, MCI revealed that Mr Capellas will get about $39.2m when he leaves the company.

Copyright The Financial Times Limited 2017. All rights reserved.
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