Summary
Verizon Communications Inc. announced a significant addition to its Board of Directors with the election of Laxman Narasimhan, the Group Chief Executive Officer of Reckitt Benckiser Group PLC. This appointment is effective July 1, 2021. Mr. Narasimhan's extensive experience as a CEO of a major global consumer goods company is expected to bring valuable strategic insights to Verizon's board.
Key Highlights
- 1Laxman Narasimhan, Group CEO of Reckitt Benckiser Group PLC, elected to Verizon's Board of Directors.
- 2Effective date of appointment is July 1, 2021.
- 3Mr. Narasimhan will be compensated according to Verizon's standard non-employee director compensation program.
- 4No committee assignments have been announced for Mr. Narasimhan at this time.
- 5This appointment suggests a focus on bringing external, high-level executive expertise to the board.
Frequently Asked Questions
Laxman Narasimhan is the Group Chief Executive Officer of Reckitt Benckiser Group PLC. He has been elected as a director to Verizon's Board of Directors, effective July 1, 2021.
The appointment of an experienced CEO from another major global company like Mr. Narasimhan can signal a commitment to strategic oversight and bringing diverse perspectives to the board, potentially benefiting long-term company performance and governance.
Mr. Narasimhan will participate in Verizon's standard compensation program for non-employee directors, as detailed in Verizon's March 29, 2021, proxy statement.
At the time of this filing, Mr. Narasimhan has not yet been named to any Board committees.