Verizon Communications Inc. (VZ)

55.30 -1.20 (-2.12%) At close: 4:00PM EST

Verizon Communications Inc.

1095 Avenue of the Americas
New York, NY 10036
United States
212-395-1000
http://www.verizon.com

Sector(s): Communication Services
Industry: Telecom Services
Full Time Employees: 132,200

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Hans E. Vestberg	Chairman & CEO	6.1M	N/A	1965
Mr. Matthew D. Ellis	Exec. VP & CFO	2.75M	N/A	1971
Ms. Tamara A. Erwin	Exec. VP & CEO of Verizon Bus.	2.48M	N/A	1965
Mr. Ronan J. Dunne	Exec. VP & Group CEO of Verizon Consumer Group	2.95M	N/A	1963
Mr. K. Guru Gowrappan	Exec. VP & Group CEO of Verizon Media Group	2.79M	N/A	1981
Mr. Kyle Malady	Exec. VP & CTO	N/A	N/A	1968
Ms. Rathi Murthy	Chief Technology Officer	N/A	N/A	1966
Mr. Craig L. Silliman	Exec. VP & Chief Admin., Legal and Public Policy Officer	N/A	N/A	1968
Mr. Brady Connor	Sr. VP of Investor Relations	N/A	N/A	N/A
Mr. James J. Gerace	Sr. VP & Chief Communications Officer	N/A	N/A	1964

Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Verizon Communications Inc. offers communications, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; Internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled Internet devices, such as tablets, laptop computers and netbooks, and other wireless-enabled connected devices, such as smart watches and other wearables. It also provides residential fixed connectivity solutions, including Internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2019, it had approximately 95 million wireless retail connections, 6 million broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and Internet access services; and Internet protocol-based voice services, unified communications and collaboration tools, and customer contact center solutions. It also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and IoT products and services. This segment had 25 million wireless retail postpaid connections and 489 thousand broadband connections. The company has strategic partnerships with HERE Technologies and Dignitas; Emory Healthcare to develop and test 5G Ultra Wideband-enabled use cases; and BuzzFeed. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. The company was founded in 1983 and is headquartered in New York, New York.

Corporate Governance

Verizon Communications Inc.’s ISS Governance QualityScore as of December 2, 2020 is 2. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 2; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.