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OFFON

VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications : expands marketing team focused on innovation, partnerships and efficiency

07/29/2021 | 08:31am EDT

BASKING RIDGE, N.J., July 29, 2021 (GLOBE NEWSWIRE) -- As part of Verizon’s continued commitment to transform media strategy, experiences and partnerships while pushing the industry forward, the company is building onto its marketing leadership team naming Tony Wells as Senior Vice President, Chief Media Officer and Jennifer Gardner as Vice President, Media Platforms.

Wells will be responsible for enterprise media across all business units, platforms and channels; managing the enterprise centers of excellence for sponsorships, experiential and digital marketing; and leading relationships and partnerships for sports and entertainment marketing and sponsorships across Verizon.

Having led marketing teams across industries, Wells comes to Verizon from USAA where he served as Chief Brand Officer, cultivating deep brand growth and affinity from the organization’s extensive membership. Wells is a member of the ANA’s Board of Directors, served as an officer in the United States Marine Corps and is a graduate of the United States Naval Academy. He will join Verizon in September and report to Chief Marketing Officer, Diego Scotti.

Wells succeeds John Nitti who held the role of Chief Media Officer for over 5 years and was recently promoted to Senior Vice President of New Business & Partner Development leading Verizon’s major enterprise wide partnerships for the company.

“Tony brings a wealth of experience in not only building and shaping dynamic brands, but in helping to lead diversity, equity and inclusion efforts,” said Scotti. “His experience and expertise will move the Verizon brand forward, drive innovation and help champion our responsible marketing action plan.”

Additionally, Jennifer Gardner has been appointed to the newly created role of Vice President, Media Platforms. Gardner will oversee media strategy, planning, buying and activation across Verizon. Gardner comes to Verizon from Unilever where she managed customer-centric media plans. She was also a leader in the creation of Unilever's Responsibility Framework, achieving greater accountability tied to diversity, equity and inclusion. Gardner is co-lead of the ANA's Media Leadership Committee and co-founded the Media Growth Leadership Council. She will join Verizon in August and report into Wells.

“Tony and Jeni are exceptional leaders and their skills will help us continue to drive innovation, think differently about technology’s impact on storytelling, marketing and our partners’ industries,” added Scotti. “But what excites me most is not only their impressive and accomplished careers, but their commitment to innovate towards being both a force for growth and a force for good.”

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $128.3 billion in 2020. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Emily.Vicker@verizon.com


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Source: Verizon Sourcing LLC

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 135 B - -
Net income 2021 21 815 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 10,3x
Yield 2021 4,69%
Capitalization 224 B 224 B -
EV / Sales 2021 2,72x
EV / Sales 2022 2,67x
Nbr of Employees 132 200
Free-Float 96,5%
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Mean consensus HOLD
Number of Analysts 28
Last Close Price 54,06 $
Average target price 60,29 $
Spread / Average Target 11,5%
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Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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