Verizon Communications (VZ)

About Verizon Communications Inc. (VZ)

Company Description:


Verizon Communications Inc. is a global leader in delivering broadband and other wireless and wireline communications services. The company operates through two main segments: Consumer and Business.

Founded on June 30, 2000, as a result of the merger between Bell Atlantic Corp and GTE Corp, Verizon has its headquarters in New York, NY, United States, and stands as a testament to the evolution of the telecommunications industry.


Main Product(s):


Verizon provides a variety of services including wireless voice and data services, broadband internet, network services, and cloud and security solutions to consumers, businesses, and governmental agencies.


Short History of Verizon Communications Inc:


  • June 2000 – Verizon was formed by the merger of Bell Atlantic and GTE.
  • 2004 – Verizon launched its wireless service, which became a defining feature of the company.
  • 2010 – The company acquired Terremark Worldwide, marking its venture into cloud services.
  • 2015 – Verizon expanded into digital media with the acquisition of AOL.
  • 2017 – Continued media expansion with the acquisition of Yahoo's Internet business, which formed Oath Inc., later rebranded as Verizon Media.
  • 2019 – Sold Tumblr and announced the sale of Verizon Media to Apollo Global Management in 2021, which was completed in 2022, emphasizing a refocus on core wireless operations.

Key Executives:

NameTitlePayExercisedYear Born
Mr. Hans E. VestbergChairman & CEO5.33MN/A1965
Mr. Craig L. SillimanExecutive VP & President of Verizon Global Services2.13MN/A1968
Mr. Kyle MaladyExecutive VP & CEO of Verizon Business Group6.61MN/A1968
Mr. Sowmyanarayan SampathExecutive VP & CEO of Verizon Consumer Group1.75MN/A1977
Mr. Anthony T. SkiadasExecutive VP & CFON/AN/A1969
Ms. Mary-Lee StillwellSenior VP of Accounting & External Reporting and ControllerN/AN/A1974
Mr. Joseph J. RussoExecutive VP & President of Global Networks and TechnologyN/AN/AN/A
Mr. Brady ConnorSenior Vice President of Investor RelationsN/AN/AN/A
Ms. Vandana VenkateshExecutive VP & Chief Legal OfficerN/AN/A1972
Mr. James J. GeraceSenior VP & Chief Communications OfficerN/AN/A1964

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