Diversity MBA Magazine Ranks Verizon Among Best Companies for Diverse Managers

NEW YORK - Diversity MBA Magazine has ranked Verizon No. 7 on the publication's 2009 list of Top Companies for Diverse Managers to Work. This is the fourth consecutive year that Verizon's continued commitment to global diversity has earned the company a Top 10 ranking on the list.

Women and people of color make up nearly 60 percent of Verizon's workforce, which serves customers in some of the country's most diverse markets. This year's ranking looked at retention, inclusion practices and recruitment strategies, as well as representation in management of women and people of color, and pipeline development for diverse managers. The ranking also took into consideration diversity representation on boards of directors.

"Verizon has the privilege of serving an increasingly diverse customer base," said Magda Yrizarry, vice president workplace culture, diversity and compliance for Verizon. "From the board room to our sales floors, our commitment to an inclusive culture allows us to better serve our customers while doing the right thing for our shareholders, our employees and our community. We are honored to once again be ranked among some of America's most diverse and successful companies."

The complete list of top companies will be available at www.diversitymbamagazine.com and will be published in the magazine's spring 2009 issue.

In 2008, Diversity MBA Magazine named two Verizon executives to the publication's Top 100 Diverse Executives Under 50 list: Benigno Gonzalez, executive director, FiOS product management; and Michael Millegan, president of Verizon Partner Solutions.

Earlier this year, Verizon was ranked No. 15 on Training Magazine's Top 125, a list of companies that have the best training programs for their employees. Committed to creating personal and professional opportunities for its employees, Verizon's employee development, education and training budget has totaled approximately $1 billion over the past few years.

Other honors earned by Verizon in 2008:

More information about Verizon as a great place to work is available at www.verizon.com/jobs.

Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving more than 80 million customers nationwide.  Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network.  A Dow 30 company, Verizon employs a diverse workforce of nearly 224,000 and last year generated consolidated operating revenues of more than $97 billion.  For more information, visit www.verizon.com.