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Verizon Names Lowell McAdam as CEO; Ivan Seidenberg to Remain Chairman

NEW YORK July 22, 2011 Lowell C. McAdam Aug. 1

McAdam will have responsibility for the operations of Verizon, including all business units and staff functions.

Seidenberg said, "Lowell’s appointment to CEO is testimony to his extraordinary record of achievement.  As a member of Verizon’s executive leadership team since 2000 and COO over the last 10 months, Lowell has proven his ability to move the organization quickly and to focus on strong performance on behalf of our employees, our customers and our investors.  His stellar leadership of Verizon Wireless and his outstanding 28-year career in the telecommunications industry have positioned Lowell to understand the potential of our company and the actions that need to be taken every day to attain that potential.  The board and I are excited by what Lowell brings to our company: his outstanding character, his conviction and his dedication to Verizon’s success."

March 2011 September 2010

September 2010

Previously, McAdam was president and CEO of PrimeCo Personal Communications, a joint venture owned by Bell Atlantic and Vodafone AirTouch.  He also served as PrimeCo’s chief operating officer, responsible for overseeing the building, deployment and successful launch of the new company’s customer service operations and all-digital network.

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Cornell University University of San Diego

New York $106.6 billion www.verizon.com

www.verizon.com/news

SOURCE Verizon Communications

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