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MarketScreener Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS (VZ)
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Verizon Communications : media head Marni Walden to leave

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10/04/2017 | 11:45pm CEST
Marni Walden EVP president of product and new business innovation at Verizon speaks at the WSJD Live conference in Laguna Beach

(Reuters) - Verizon Communications Inc on Wednesday said Marni Walden, executive vice president and president of global media, will leave the company in February 2018.

Walden, the company's top-ranking female executive, played a big role in Verizon's acquisition of Yahoo and its merger with AOL to create the Oath unit.

Walden, who was seen as a potential successor to Chief Executive Lowell McAdam, will move into a strategic adviser role​ from Dec. 31, until her departure.

"She is leaving because she wants to pursue other opportunities. This is not related at all to yesterday's news," said a company official, speaking on condition of anonymity.

Yahoo said on Tuesday that all 3 billion of its user accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history.

Walden most recently spearheaded Verizon's entry into global digital media and telematics, the company said.

Oath CEO Tim Armstrong will report to McAdam after Dec. 31, while the telematics organization will report to John Stratton, executive vice president and president of Verizon's Global Operations, Verizon said.

"Marni helped build our wireless business, starting as a sales representative in a store, and grew into an inspirational leader and role model for so many at Verizon," McAdam said.

(Reporting by Munsif Vengattil in Bengaluru and David Shepardson in Washington; Editing by Martina D'Couto and Anil D'Silva)

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Financials ($)
Sales 2018 131 B
EBIT 2018 29 564 M
Net income 2018 18 165 M
Debt 2018 109 B
Yield 2018 4,57%
P/E ratio 2018 11,81
P/E ratio 2019 11,04
EV / Sales 2018 2,49x
EV / Sales 2019 2,41x
Capitalization 217 B
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 56,4 $
Spread / Average Target 7,9%
EPS Revisions
Managers
NameTitle
Hans Erik Vestberg Chief Executive Officer & Director
Lowell C. McAdam Chairman
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Clarence Otis Independent Director
Richard L. Carrión Independent Director
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