Verizon Communications Announces Executive Changes In Finance Organization

NEW YORK - Doreen Toben, executive vice president and chief financial officer of Verizon Communications Inc. (NYSE:VZ), has announced executive-level changes in the company's Finance organization, as follows:

Tom Bartlett, formerly senior vice president - Investor Relations, has been named senior vice president and Verizon Communications treasurer, effective Jan. 20, with responsibility for corporate-wide financing activities and cash management. He replaces Bill Heitmann, who last month was named senior vice president - Finance, including responsibility for leading the Verizon Investment Management Corp.

Cathie Webster, formerly vice president - Finance for Enterprise and Wholesale Markets, has been named senior vice president - Investor Relations, effective Feb. 1, replacing Bartlett in maintaining Verizon's relationship and communications with the investment community and shareholders.

Bartlett, Heitmann and Webster all report to Toben. A replacement for Webster will be named at a later date.

"These changes, involving executives with such extensive financial backgrounds, demonstrate the depth and strength of our management talent, as well as our commitment to develop our leaders for the future," Toben said.

Verizon Communications Inc.

With more than $71 billion in annual revenues, Verizon Communications Inc. (NYSE:VZ) is one of the world's leading providers of communications services. Verizon has a diverse work force of more than 210,000 in four business units: Domestic Telecom serves customers based in 29 states with wireline telecommunications services, including broadband, nationwide long-distance and other services. Verizon Wireless owns and operates the nation's most reliable wireless network, serving 43.8 million voice and data customers across the United States. Information Services operates directory publishing businesses and provides electronic commerce services. International includes wireline and wireless operations and investments, primarily in the Americas and Europe. For more information, visit www.verizon.com.