It certainly doesn't come as the biggest of surprises, but Verizon confirmed today that its current CEO, Lowell McAdam, will succeed its former CEO, Ivan Seidenberg, as Chairman when the latter retires on December 31st. McAdam, as you may recall, took over as CEO when Seidenberg stepped down from the position in July of this year, with Seidenberg remaining on as Chairman at that point to aid in the transition, which has apparently gone just as planned. In related news, the carrier also announced today that Melanie L. Healey of Proctor & Gamble will be immediately joining the board, which will stand at twelve members following Seidenberg's departure. Head on past the break for the official press release.
Continue reading Verizon confirms CEO Lowell McAdam will succeed Ivan Seidenberg as Chairman
Verizon confirms CEO Lowell McAdam will succeed Ivan Seidenberg as Chairman originally appeared on Engadget on Thu, 01 Dec 2011 15:17:00 EDT. Please see our terms for use of feeds.
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