Comcast taps Edward Zimmerman to lead Comcast Business as president
Zimmermann will focus on driving continued long-term growth and strategic innovation for the $10 Billion commercial services business unit.
“Ed is an outstanding executive with a track record of building strong teams, driving transformation, and achieving results,” said David Watson, President and CEO of Comcast Cable. “Ed has brought impressive financial and operational expertise to Comcast Business and is well respected by the management team.”
He takes over the role from Bill Stemper, who has led Comcast Business since its inception in 2006. Under Stemper’s leadership, Comcast Business has evolved from selling residential services to small business customers into a global enterprise with $10 billion in revenue, serving customers of all sizes. As Chairman Emeritus of Comcast Business, Stemper will continue participating in the company and the industry.
“Bill Stemper is an extraordinary leader and operator. Comcast Business has been on a spectacular growth trajectory under his leadership for the past 17 years. Bill and his team have organically built this successful business from the ground up and I’m deeply grateful for his partnership and friendship,” continued Watson.
Before taking on his role as President of Comcast Business, Zimmermann served as Chief Financial Officer and Chief of Strategy for Comcast Business. In this role, he maintained and grew annual revenue and accelerated Comcast Business’s growth from small and medium-sized businesses into the upper market. He has worked across Comcast in various financial, strategic, and growth-oriented roles, including SVP of Finance and Administration, Northeast Division and VP of Finance and Administration, Beltway Division.
Zimmerman earned a B.A. in Business and an M.B.A. in Finance and Strategy from Temple University in Philadelphia. He advocates for improved educational outcomes for Philadelphia’s youth, and currently serves as Board Chair of The Fund for the School District of Philadelphia.
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Comcast Business revenue rises in the second-quarter
Comcast Business is making gains in its business services segment, showing that cable is a growing threat to the telcos. Business Services Connectivity revenue rose 4% to $2.3 billion due to an increase in revenue from small, medium-sized and enterprise customers.
During Comcast’s second-quarter earnings call, Jason Armstrong told investors it saw “more robust growth in enterprise and mid-market and a slight deceleration in growth from small business, where we see a bit of macro-economic pressure."
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