Wednesday, November 30, 2011

Lowell C. McAdam Elected Chairman of Verizon

Verizon Communications' Board of Directors elected Lowell C. McAdam as its new chairman, effective Jan. 1, 2012, replacing Ivan Seidenberg.

In addition, Melanie L. Healey, group president for North America at Procter & Gamble Co., was elected as a new member of Verizon's board, effective immediately. Verizon's board now has 12 members.

  • In July 2011, Verizon named Lowell C. McAdam as president and chief executive officer of Verizon Communications, replacing Ivan G. Seidenberg, who will remain chairman to continue to facilitate the transition.

    In his current role, McAdam, 57, is responsible for all business operations at Verizon, including the strategic direction of the company's products and technologies. He has served on the board of Verizon since March 2011 and on the board of Verizon Wireless since 2003, chairing the Verizon Wireless board since September 2010.

    As president and CEO of Verizon Wireless until September 2010, McAdam led the premier wireless provider with the nation's largest, most reliable wireless voice and 3G broadband data network. Prior to assuming this position in 2007, McAdam served as executive vice president and chief operating officer of Verizon Wireless from the company's inception in 2000, helping to build the industry's leading wireless company.