Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 2, 2023, the Verizon Board of Directors appointed Anthony T. Skiadas,
Verizon's Senior Vice President and Controller, to succeed Matthew D. Ellis as
Verizon's Executive Vice President and Chief Financial Officer, effective May 1,
2023. On the same day, the Human Resources Committee of the Board of Directors
approved a compensation increase for Mr. Skiadas in connection with his
appointment. Effective May 1, 2023, Mr. Skiadas' base salary will increase from
$625,000 to $800,000, his target short-term incentive opportunity will increase
from 90% to 150% of base salary, and his target long-term incentive opportunity
will increase from $2,200,000 to $7,000,000. Mr. Skiadas, 54, has served as
Verizon's Senior Vice President and Controller since 2013.
On March 2, 2023, the Verizon Board of Directors appointed Mary-Lee Stillwell to
succeed Mr. Skiadas as Verizon's Senior Vice President and Controller, effective
May 1, 2023. On the same day, the Human Resources Committee of the Board of
Directors approved a compensation increase for Ms. Stillwell in connection with
her appointment. Effective May 1, 2023, Ms. Stillwell's base salary will
increase from $425,000 to $525,000, her target short-term incentive opportunity
will increase from 50% to 90% of base salary, and her target long-term incentive
opportunity will increase from $600,000 to $1,200,000. Ms. Stillwell, 49, has
served as Verizon's Vice President - Accounting and External Reporting, since
she joined the company in 2020. From 2018 until she joined Verizon,
Ms. Stillwell was Chief Accounting Officer for Clearway Energy, and prior to
that, she was Vice President and Assistant Controller for NRG Energy, Inc.
On March 2, 2023, the Verizon Board of Directors appointed Kyle Malady,
Verizon's Executive Vice President and President - Global Networks & Technology,
as Verizon's Executive Vice President and Group CEO - Verizon Business,
effective immediately. On that day, Mr. Malady ceased to serve as Verizon's
Executive Vice President and President - Global Networks & Technology.
Mr. Ellis will leave Verizon on May 1, 2023.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
VERIZON COMMUNICATIONS 
