Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

Verizon Names COO McAdam as President and CEO

Verizon‘s (NYSE: VZ) board of directors has named company president and COO Lowell C. McAdam as Verizon Communications Inc. president and CEO, effective Aug. 1.

Current CEO Ivan Seidenberg will remain chairman to help the succession process, which began in 2010.

Prior to joining Verizon in 2000, McAdam was president and CEO of Bell Atlantic and Vodafone joint venture PrimeCo Personal Communications.

“Lowell’s appointment to CEO is testimony to his extraordinary record of achievement, ” said Seidenberg. “As a member of Verizon’s executive leadership team since 2000 and COO over the last 10 months, Lowell has proven his ability to move the organization quickly and to focus on strong performance on behalf of our employees, our customers and our investors.

“His stellar leadership of Verizon Wireless and his outstanding 28-year career in the telecommunications industry have positioned Lowell to understand the potential of our company and the actions that need to be taken every day to attain that potential.  The board and I are excited by what Lowell brings to our company: his outstanding character, his conviction and his dedication to Verizon’s success.”

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Executive Moves