Verizon Ventures, the corporate venturing arm of US-based telecommunications group Verizon, has appointed Tom Arnost as a principal, the unit revealed yesterday.
Arnost began working in the role last month and is responsible for executing and managing strategic investments on behalf of the corporate. He had previously been part of Verizon’s corporate development team, where he was involved in merger and acquisition deals and strategic planning projects.
Before joining Verizon, Arnost was an investment banking associate at investment bank Houlihan Lokey between 2016 and 2019.
Arnost had also been a senior accountant at accounting firm Raffa, PC, which has since been merged with accounting and advisory services firm Marcum, assisting companies with a variety of accounting, consulting and business advisory services.
Verizon Ventures had named former AgriNation VC managing partner Tammy Mahn as an Israel-based managing director in June 2020, after welcoming Verizon corporate development manager David Liu as a principal in May that year.
Photo of Tom Arnost courtesy of LinkedIn.