Lawrence T. Babbio, Jr. joined The Wallace Foundation’s board of directors in 2006.
Babbio served as a senior advisor at Warburg Pincus from 2007 to 2012. Until his retirement in April 2007, he was vice chairman and president of Verizon Communications, with responsibility for the Verizon Telecom and Verizon Business units. He was also a member of the board of directors of Verizon Wireless.
Babbio began his communications career in 1966 with New Jersey Bell Telephone. He served in a variety of positions in engineering, network construction and technology development with New Jersey Bell and AT&T. In January 1995 he was elected vice chairman of Bell Atlantic Corp.
Before the Bell Atlantic/GTE merger, Babbio was president and chief operating officer for Bell Atlantic. He shared oversight of, and responsibility for, all of the corporation’s business operations, restructuring of the business units, the GTE merger process and developing new growth opportunities.
Babbio also served as chairman of the company’s global wireless group, one of the largest wireless operations worldwide. He was the lead executive in charge of developing Bell Atlantic’s domestic and international wireless communications strategy. Under his leadership, Bell Atlantic substantially increased the size and scope of its domestic and international wireless holdings.
In May 2002, Babbio was elected to the board of directors of Hewlett-Packard Co. He previously served on the board of Compaq Computer Corp. since 1995. He has served on the board of ARAMARK Corp. since 1999. Babbio also serves as chairman of the board of trustees of Stevens Institute of Technology.
He holds a B.E. in electrical engineering from Stevens Institute of Technology and an M.B.A. from New York University.