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

VERIZON COMMUNICATIONS (VZ)
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Verizon Communications : Top Media Executive Marni Walden to Leave

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10/04/2017 | 10:45pm CEST
By Ryan Knutson 

Verizon Communications Inc. said its top media executive, Marni Walden, will be switching to an advisory role at the end of the year and leaving the company in early 2018.

Ms. Walden oversees the company's media and digital business, including its Yahoo and AOL properties, a role she took over in 2015. The 50-year-old was considered a potential successor to CEO Lowell McAdam.

Her departure comes after it became clear to Ms. Walden that she was unlikely to win the CEO job, 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."

One of her lieutenants, Tim Armstrong, who is CEO of the division that oversees Yahoo and AOL, will now report directly to Mr. McAdam. Her other responsibility of overseeing Verizon's telematics business will be handed to John Stratton, who as president of global operations oversees the wireless business.

Write to Ryan Knutson at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
ALTABA INC -0.20% 79.46 Delayed Quote.14.77%
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Financials ($)
Sales 2018 129 B
EBIT 2018 30 022 M
Net income 2018 18 589 M
Debt 2018 111 B
Yield 2018 4,80%
P/E ratio 2018 11,10
P/E ratio 2019 10,79
EV / Sales 2018 2,45x
EV / Sales 2019 2,37x
Capitalization 206 B
Chart VERIZON COMMUNICATIONS
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Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | 4-Traders
Technical analysis trends VERIZON COMMUNICATIONS
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 55,9 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Lowell C. McAdam Executive Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Hans Erik Vestberg CTO, President-Global Networks & Executive VP
Clarence Otis Independent Director
Richard L. Carrión Independent Director
Sector and Competitors
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VERIZON COMMUNICATIONS-5.99%205 603
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DEUTSCHE TELEKOM-8.48%75 131
SAUDI TELECOM COMPANY SJSC--.--%46 667
TELEFONICA-8.23%45 114
ORANGE0.14%44 189