Lowell McAdam Named As New Verizon (VZ) CEO; Seidenberg to Remain Chairman

July 22, 2011 7:25 AM EDT
Verizon (NYSE: VZ) named Verizon President and COO Lowell C. McAdam as the new president and chief executive officer of Verizon Communications Inc. (NYSE, NASDAQ: VZ), effective Aug. 1.

Ivan G. Seidenberg will step down from the CEO role but remain chairman to continue to facilitate the transition.


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