01—Abstract
Summary
Summary of the 8-K filed May 23, 2024. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Craig L. Silliman, EVP and President - Verizon Global Services, to step down from his current position effective July 1, 2024.
- Mr. Silliman will transition to a strategic advisor role reporting to CEO Hans E. Vestberg.
- His advisory role will continue until his departure from Verizon at the end of 2024.
- This announcement pertains to a key executive leadership change within the company.
- Investors should monitor the succession plan for the Verizon Global Services leadership.
03—Questions
Frequently Asked Questions
Who is stepping down from their executive role?
Craig L. Silliman, Verizon’s Executive Vice President and President of Verizon Global Services, is stepping down from his current position.
When will Mr. Silliman's operational role change?
His role as Executive Vice President and President of Verizon Global Services will change effective July 1, 2024.
Will Mr. Silliman leave Verizon entirely on July 1, 2024?
No, Mr. Silliman will continue with Verizon in a different capacity as a strategic advisor until the end of 2024.
Who will Mr. Silliman report to in his new role?
He will report to Hans E. Vestberg, the Chairman and Chief Executive Officer of Verizon.
04—Continue