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Verizon (VZ) Elects CEO McAdam as Chair; Healey as N.A. Group President

December 1, 2011 1:46 PM EST
The Board of Directors of Verizon Communications Inc. (NYSE: VZ) today elected Verizon President and CEO Lowell C. McAdam as chairman, effective Jan. 1, 2012. In addition, Melanie L. Healey, group president for North America at Procter & Gamble Co. (NYSE: PG), was elected as a new member of Verizon's board, effective immediately.

McAdam's chairmanship will begin following the retirement of Ivan G. Seidenberg as Verizon's chairman on Dec. 31.

Healey serves as group president for North America at Procter & Gamble. Before this, she had been president of P&G's global feminine care business since 2005, adding responsibilities for global health care brands in 2007.


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