Summary
Verizon Communications Inc. (VZ) has announced a significant executive transition, with Craig L. Silliman, Executive Vice President and President of Verizon Global Services, stepping down from his current role effective July 1, 2024. While Mr. Silliman will depart from his operational leadership, he will remain with the company as a strategic advisor to Chairman and CEO Hans E. Vestberg until the end of 2024. This transition marks a change in leadership for the Global Services division, and investors will likely monitor the subsequent appointment and its impact on the division's strategy and performance.
Key Highlights
- 1Craig L. Silliman, EVP and President - Verizon Global Services, to step down from his current position effective July 1, 2024.
- 2Mr. Silliman will transition to a strategic advisor role reporting to CEO Hans E. Vestberg.
- 3His advisory role will continue until his departure from Verizon at the end of 2024.
- 4This announcement pertains to a key executive leadership change within the company.
- 5Investors should monitor the succession plan for the Verizon Global Services leadership.