Verizon Executive Frederick D. D'Alessio to Retire

NEW YORK - Verizon today announced that Frederick D. D'Alessio, president of Verizon's Advanced Services Group, will retire from the company in July, following a 30-year career.

D'Alessio is responsible for Verizon's long-distance and DSL (digital subscriber line) businesses. Under his leadership, Verizon's DSL customer base grew to over 720,000 customers nationwide and the long-distance business, with 5.2 million customers, became the fourth largest long-distance provider in the nation.

"Fred's contributions over the past 30 years have played a major role in transforming Verizon into the company it is today," said Lawrence T. Babbio, Jr., Verizon vice chairman and president. "Most recently, we asked Fred to focus on establishing our newer growth businesses, including long distance and broadband Internet. Now that those businesses have successfully moved beyond start-up phase, Fred has elected to retire, and we wish him success in his next challenge."

D'Alessio began his career with New Jersey Bell in 1971 and held various line and staff operations assignments. From 1977 to 1987, he held directorships in switching operations, long-range technical planning and product line management. In 1988, D'Alessio was named assistant vice president-regulatory matters for New Jersey Bell and in 1990, he became vice president-operations and engineering for Bell Atlantic. He was elected president and chief executive officer of Chesapeake and Potomac Telephone of Maryland in 1991 and served on the Board of Directors of Telecom New Zealand from 1994 to 1998. In 1995, he became president-consumer sales and services for Bell Atlantic and was appointed group president-consumer services in 1999. He was named to his current position at the close of the Bell Atlantic-GTE merger in June 2000.

Verizon Communications

Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services. Verizon companies are the largest providers of wireline and wireless communications in the United States, with 112 million access line equivalents and 27 million wireless customers. Verizon is also the largest directory publisher in the world. A Fortune 10 company with approximately 260,000 employees and more than $65 billion in annual revenues, Verizon's global presence extends to 40 countries in the Americas, Europe, Asia and the Pacific. For more information on Verizon, visit www.verizon.com.