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

VERIZON COMMUNICATIONS (VZ)
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Verizon Communications : media head Marni Walden to leave

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10/04/2017 | 11:45pm CET
Marni Walden EVP president of product and new business innovation at Verizon speaks at the WSJD Live conference in Laguna Beach

Verizon Communications Inc on Wednesday said Marni Walden, executive vice president and president of global media, will leave the company in February 2018.

Walden, the company's top-ranking female executive, played a big role in Verizon's acquisition of Yahoo and its merger with AOL to create the Oath unit.

Walden, who was seen as a potential successor to Chief Executive Lowell McAdam, will move into a strategic adviser role​ from Dec. 31, until her departure.

"She is leaving because she wants to pursue other opportunities. This is not related at all to yesterday's news," said a company official, speaking on condition of anonymity.

Yahoo said on Tuesday that all 3 billion of its user accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history.

Walden most recently spearheaded Verizon's entry into global digital media and telematics, the company said.

Oath CEO Tim Armstrong will report to McAdam after Dec. 31, while the telematics organization will report to John Stratton, executive vice president and president of Verizon's Global Operations, Verizon said.

"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," McAdam said.

(Reporting by Munsif Vengattil in Bengaluru and David Shepardson in Washington; Editing by Martina D'Couto and Anil D'Silva)

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Financials ($)
Sales 2017 125 B
EBIT 2017 29 190 M
Net income 2017 14 941 M
Debt 2017 115 B
Yield 2017 4,37%
P/E ratio 2017 14,54
P/E ratio 2018 13,37
EV / Sales 2017 2,66x
EV / Sales 2018 2,57x
Capitalization 218 B
Chart VERIZON COMMUNICATIONS
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Verizon Communications Technical Analysis Chart | VZ | US92343V1044 | 4-Traders
Technical analysis trends VERIZON COMMUNICATIONS
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 53,1 $
Spread / Average Target -0,61%
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
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