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4-Traders Homepage  >  Equities  >  Nyse  >  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]

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Financials ($)
Sales 2017 125 B
EBIT 2017 29 218 M
Net income 2017 15 253 M
Debt 2017 112 B
Yield 2017 4,82%
P/E ratio 2017 12,97
P/E ratio 2018 12,59
EV / Sales 2017 2,48x
EV / Sales 2018 2,42x
Capitalization 197 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 30
Average target price 49,9 $
Spread / Average Target 3,0%
EPS Revisions
Managers
NameTitle
Lowell C. McAdam Chairman & Chief Executive Officer
John G. Stratton Executive VP Head-Customer & Product 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
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