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Posted 13 August, 2021

VERIZON COMMUNICATIONS INC appointed new CEO

CEO Change detected for ticker NYSE:VZ in a 8-K filed on 13 August, 2021.


  On August 12, 2021, the Board of Directors of Verizon Communications Inc. (Verizon) elected Carol B. Tomé, Chief Executive Officer of United Parcel Service, Inc., as a director, effective September 1, 2021.  

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Overview of VERIZON COMMUNICATIONS INC
Telecommunication Services • Wireless Telecommunications Services
Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products, video and data services, corporate networking solutions, security and managed network services, local and long distance voice services, and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.
Market Cap
$169B
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VERIZON COMMUNICATIONS INC by TradingView
Relevant filing section
Item 5.02. 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On August 12, 2021, the Board of Directors of Verizon Communications Inc. (Verizon) elected Carol B. Tomé, Chief Executive Officer of United Parcel Service, Inc., as a director, effective September 1, 2021. As a director, Ms. Tomé will participate in the compensation program applicable to all non-employee directors, which is described under the heading "Non-Employee Director Compensation" in Verizon's definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 29, 2021, except that Ms. Tomé will not receive a one-time grant of 3,000 Verizon share equivalents for new non-employee directors, because she previously received such a grant in connection with her prior service on the Board in 2020. Ms. Tomé has not yet been named to a Board committee.