VZ Verizon Communications Inc.

Verizon elects Caroline A. Litchfield to its Board of Directors

Verizon elects Caroline A. Litchfield to its Board of Directors

NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Caroline A. Litchfield, Executive Vice President and Chief Financial Officer of Merck & Co., Inc., to the Verizon Board of Directors, effective October 1, 2024.

“Caroline is an accomplished leader who brings to Verizon significant financial, strategic planning and risk management expertise acquired during her 34-year career at Merck. She has deep experience in finance, business operations, stakeholder management, and value creation and delivery. She has also helped to transform Merck’s portfolio through mergers and acquisitions,” said Verizon Chairman and CEO Hans Vestberg. “We are very pleased to have Caroline join our board.”

The addition of Ms. Litchfield will bring Verizon’s total board membership to 11, effective October 1, 2024.

Ms. Litchfield has served as Merck’s Executive Vice President and Chief Financial Officer since 2021 and is responsible for its finance, investor relations, procurement and facilities operations management. She served as Senior Vice President and Treasurer of Merck from 2019 to 2021, a position that included responsibility for treasury, tax and investor relations. From 2014 to 2018, Ms. Litchfield led finance for Human Health, Merck’s largest business, overseeing financial operations and reporting in approximately 100 markets. Previously, she was the vice president and finance lead for Merck’s Emerging Markets region when it was established in 2009 following the merger of Merck and Schering-Plough and was instrumental in integrating the two companies. She joined Merck in 1990 in its U.K. business and has held a wide range of positions of increasing responsibility in the company’s country, regional and global finance functions.

Ms. Litchfield holds a B.S. in Mathematics from the University of Leicester and is a fellow of the Chartered Institute of Management Accountants.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit or find a retail location at

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at . News releases are also available through an RSS feed. To subscribe, visit .

Media contact:

Katie Magnotta



201.602.9235



EN
27/06/2024

Underlying

VZVerizon Communications Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Verizon Communications Inc.

Jonathan Chaplin
  • Jonathan Chaplin
EUR 8553.00
VZ Verizon Communi...

Verizon Model Update

We have updated the model following results. While our financial estimates are moderately higher in the near-term (and free cash flow is much higher from tax reform), most KPIs are notably lower, and we no longer expect the company to grow Consumer postpaid phones this year. We expect consensus estimates to head in the same directions. We remain neutral on Verizon (new TP: $42; total return 5%).

VZ VERIZON COMMUNICATIONS INC.
7h / 51m 7h / 51m 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8553.00
VZ Verizon Communi...

VZ quick thoughts following the call 2Q25

In this report we tackle whether management effectively dropped subscriber guidance, the potential for churn to improve, the drivers of slower EBITDA growth in the second half of the year, how convergence comments impact the Company’s appetite for accelerating fiber investments, M&A, and spectrum purchases, what this all means for share repurchases, and what it means for the stock.

VZ VERIZON COMMUNICATIONS INC.
11h / 35m 11h / 35m 1 EN
Jonathan Chaplin
  • Jonathan Chaplin
EUR 8553.00
VZ Verizon Communi...

Verizon 2Q25 Quick Take: Subscriber trends weak; EBITDA and FCF guidan...

Mobile and broadband adds were weak. Consumer postpaid phone adds were a touch better than lowered expectations, but business adds were weak. FiOS and FWA adds were also weak. In mobile, gross adds were up sharply, but so was churn.

VZ VERIZON COMMUNICATIONS INC.
17h / 24m 17h / 24m 1 EN
 PRESS RELEASE
Free
VZ Verizon Communi...

Verizon raises financial guidance for adjusted EBITDA, adjusted EPS an...

Verizon raises financial guidance for adjusted EBITDA, adjusted EPS and free cash flow after strong Q2 performance Delivers industry-leading wireless service revenue and grows customer base America’s #1 network with the most mobility and broadband customers continues to extend its market leadership position Key 2Q 2025 Highlights Grew industry-leading wireless service revenue1 to $20.9 billionExpanded high-quality customer base, adding more than 300,000 net additions across mobility and broadbandIncreased Consumer postpaid phone gross additions, both sequentially and year-over-yearConti...

19h / 4m 1 EN
 PRESS RELEASE
Free
VZ Verizon Communi...

Verizon to report earnings July 21, 2025

Verizon to report earnings July 21, 2025 NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report second-quarter 2025 earnings on Monday, July 21, 2025. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. Second-quarter 2025 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, . These materials will include: Detailed information on Verizon's second quarter results;Verizon's earnings news release; andFinancial tables. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empo...

July 17, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch