Rich Balot

Chief Executive Officer, Victra - Verizon Authorized Retailer
Greenville, North Carolina,United States
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Who Is Rich Balot?

Total Experience55 years
CompanyVictra - Verizon Authorized Retailer
CountryUnited States

Rich Balot is the Chief Executive Officer (CEO) and co-founder of Victra, which stands as one of the largest Verizon Authorized Retailers in the United States. He co-founded the company, originally known as ABC Phones of North Carolina, Inc. (doing business as AWireless), with his brother David Balot in 1996. Under Rich's leadership, Victra has grown substantially, expanding its retail footprint to over 1,600 locations across the nation. He is recognized for his entrepreneurial spirit, strategic vision in the wireless retail industry, and his focus on building a strong company culture centered around guest experience and employee development. His leadership has guided Victra through numerous acquisitions and significant market expansion, solidifying its position as a key partner for Verizon.

How Did Rich Balot's Career Path Shape Their Journey?

Rich Balot's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:

Victra - Verizon Authorized Retailer - Chief Executive Officer(2019 to Present)
FASTLENDING.COM - Chief Executive Officer(2018 to 2020)
A Wireless - Verizon Wireless Authorized Retailer - President and CEO(1996 to 2015)

What Are Rich Balot's Key Achievements?

Co-founder and CEO of Victra

Co-founded the company in 1996 and successfully scaled it to become one of the largest Verizon Authorized Retailers in the U.S., overseeing operations of over 1,600 stores.

Significant Business Expansion

Led Victra through substantial growth, including numerous strategic acquisitions of other Verizon retailers, significantly increasing the company's market share and national presence.

Industry Leadership

Established Victra as a leading performer in the wireless retail sector, consistently recognized by Verizon for sales achievements and operational excellence.

Fostering Company Culture

Instrumental in developing and maintaining a strong company culture focused on core values, employee growth, and exceptional customer service across a large, distributed workforce.

EY Entrepreneur Of The Year Award

Recognized as a recipient of the EY Entrepreneur Of The Year award in the Southeast region for his achievements in innovation, financial performance, and personal commitment to his business and community.

What's Rich Balot's Educational Background?

High School

North Carolina School of Science and Mathematics - Year 1993

Bachelor's degree, Management Information Systems, General

East Carolina University - College of Business

Buying Intent Signals for Rich Balot

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Notable news
Hiring actively
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Company Overview

Victra - Verizon Authorized Retailer
Total employees7800
HeadquartersRaleigh
Founded1996

Victra is the largest Verizon Authorized Retailer in the United States. They operate a vast network of retail stores, offering customers access to Verizon's latest wireless devices, including smartphones, tablets, and smartwatches, as well as accessories and Verizon's range of service plans. Victra aims to provide personalized customer service, helping individuals and businesses choose the right products and services to stay connected and productive. They focus on creating a quality shopping experience with knowledgeable staff ready to assist with device setup, troubleshooting, and understanding plan options.

Victra - Verizon Authorized Retailer Funding Information
Unknown - Total Funding Raised
Not applicable - Most recent funding amount
Not applicable - Number of funding rounds
Not applicable - Latest funding round
Lead Investors:
Lone Star Funds

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