Lawrence T. Babbio, Jr. has served on the board of directors of The Wallace Foundation since 2006.
Babbio was 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.
Babbio previously served on the boards of Compaq Computer Corp., ARAMARK Corp., and Hewlett-Packard Co. beginning in 1995, 1999 and 2002 respectively. He became a director of Devas Multimedia in 2007. Babbio also serves on 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.