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Verizon Communications Inc. (NYSE:VZ, NASDAQ:VZ), a prominent player in the telecommunications industry with a market capitalization of $186 billion and a robust financial health score of "GOOD" according to InvestingPro, announced Monday that its board of directors has elected Jennifer K. Mann as a director, effective the same day. The appointment was disclosed in a statement based on a filing with the Securities and Exchange Commission.
Ms. Mann is currently Executive Vice President and President, North America Operating Unit at The Coca-Cola Company. According to the filing, she will participate in Verizon’s compensation program for non-employee directors, as described in the company’s proxy statement filed with the SEC on April 7, 2025.
At this time, Ms. Mann has not been named to any board committee. The company did not announce any other changes to its board or management in the filing.
The information in this article is based on a press release statement included in the SEC filing.
In other recent news, Verizon Communications reported earnings that exceeded financial expectations, with wireless subscriber metrics meeting consensus projections. Service revenues grew by 1.6%, and EBITDA increased by 4.1%, reflecting a consistent performance compared to the first quarter. RBC Capital responded to these results by raising Verizon’s price target from $45 to $46 while maintaining a Sector Perform rating. UBS maintained its Neutral rating with a $45 price target, noting mixed results due to increased churn rates despite improved profits. KeyBanc Capital Markets also retained its Sector Weight rating, adjusting its 2025 and 2026 adjusted EBITDA estimates upward. Additionally, Verizon is expanding its Manhattan presence by leasing 200,000 square feet in a renovated office tower near Penn Station, consolidating over 1,000 employees into the new headquarters next year. The company is also introducing enhanced global connectivity plans for its prepaid brands, Simple Mobile and Total Wireless, to meet rising demand for international connectivity.
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