Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS (VZ)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Verizon Communications : Media Chief To Leave -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 08:48am CET
By Ryan Knutson 

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 5, 2017).

Verizon Communications Inc. said its top media executive, Marni Walden, is leaving in February and her responsibilities will be split among existing executives at the telecom giant.

Ms. Walden oversees the company's media and digital business, including its Yahoo and AOL properties, a role she took over in 2015. One of her lieutenants, Tim Armstrong, who runs the Internet properties, will now report directly to Chief Executive Lowell McAdam.

Ms. Walden, 50, rose through the ranks of Verizon's wireless business and was the company's highest-ranking female executive. She was considered a potential successor to Mr. McAdam.

Her departure comes after it became clear to Ms. Walden that she was unlikely to become the next CEO, according to one person familiar with the matter.

"Marni helped build our wireless business, starting as a sales representative in a store and grew into an inspirational leader and role model for so many at Verizon," Mr. McAdam said in a statement. She "will leave us in a strong competitive position."

Ms. Walden was also responsible for Verizon's telematics business, which connects cars and other devices to the internet. Those duties will be handed to John Stratton, who is president of global operations and oversees the company's largest business units.

Mr. Armstrong, the former CEO of AOL, has been leading the integration of Yahoo and AOL, after the $4.5 billion deal closed earlier this year. He laid off about 2,100 of 14,000 people in the combined workforce under a new division called Oath, whose properties include HuffPost, TechCrunch and Yahoo Finance.

Just this week, the company disclosed that a massive data breach at Yahoo before the deal was far more extensive than previously disclosed, affecting all of Yahoo's 3 billion user accounts. Ms. Walden was one of the executives who advocated for the Yahoo purchase, but her departure was unrelated to the hacking disclosures, the person said.

Ms. Walden has led many of the company's media deals in recent years. She oversaw the acquisition of Intel Corp.'s internet video startup, called OnCue, which she helped transform into go90, a mobile video app. Go90 has yet to gain significant traction.

Mr. McAdam, 63, has made no specific retirement plans. In an interview with The Wall Street Journal earlier this year, he said, "I don't plan on working when I'm 65. Life is too short."

Despite Mr. Armstrong's high profile, people inside the company say the two primary contenders to succeed the longtime CEO are Mr. Stratton and Hans Vestberg, a former Ericsson CEO who joined Verizon earlier this year to head up its network operations.

Write to Ryan Knutson at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VERIZON COMMUNICATIONS
03:09p VERIZON COMMUNICATIONS : opens 5G incubator in the heart of NYC’s ‘S..
03:01p VERIZON : Opens 5G Incubator in the Heart of NYC's 'Silicon Alley,' Announces In..
12:55p VERIZON COMMUNICATIONS : Backup batteries stolen from north jersey cellphone tow..
12:42p VERIZON COMMUNICATIONS : picks Ericsson for 5G rollout
11:15a VERIZON COMMUNICATIONS : Board tables discussion on relocating Verizon antenna
11:15a VERIZON COMMUNICATIONS : hits back at T-Mobile over 5G claims
08:24a VERIZON COMMUNICATIONS : 5G launch due for H2 2018
12/11DJVERIZON COMMUNICATIONS : Correction to Verizon NFL Deal Article
12/11DJVERIZON COMMUNICATIONS : In New NFL Deal, Verizon Trades Mobile Exclusivity for ..
12/11 TELEFONAKTIEBOLAGET LM ERICSSON : Verizon awards 5G contract to Ericsson
More news
News from SeekingAlpha
07:10a WALL STREET BREAKFAST : Investors Ready For FOMC Meeting
12/11 Ericsson wins equipment contract for Verizon's commercial 5G launch
12/11 CNBC : Verizon CEO McAdam departing GE board for time reasons
12/11 Where To Invest To Benefit From The Corporate Tax Cut
12/11 Verizon sets non-exclusive five-year streaming NFL deal
Financials ($)
Sales 2017 125 B
EBIT 2017 29 198 M
Net income 2017 14 956 M
Debt 2017 115 B
Yield 2017 4,51%
P/E ratio 2017 14,06
P/E ratio 2018 13,30
EV / Sales 2017 2,61x
EV / Sales 2018 2,52x
Capitalization 211 B
Chart VERIZON COMMUNICATIONS
Duration : Period :
Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | 4-Traders
Technical analysis trends VERIZON COMMUNICATIONS
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 51,6 $
Spread / Average Target -0,48%
EPS Revisions
Managers
NameTitle
Lowell C. McAdam Chairman & Chief Executive Officer
John G. Stratton EVP & President-Global Operations
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Roger Gurnani Chief Information & Technology Architect, EVP
Hans Erik Vestberg Executive Vice President-Network & Technology
Sector and Competitors
1st jan.Capitalization (M$)
VERIZON COMMUNICATIONS-5.55%211 478
NIPPON TELEGRAPH AND TELEPHONE CORP17.14%106 296
DEUTSCHE TELEKOM-5.11%85 949
TELEFONICA-2.20%52 541
ORANGE1.42%45 855
SINGAPORE TELECOMMUNICATIONS LIMITED3.57%45 570