Chairman’s Letter to Shareowners

Ivan Seidenberg
Ivan Seidenberg
Chairman and Chief Executive Officer

Verizon has spent the better part of the last decade transforming our company to grow and compete in the digital era. Our goal is simple: to be the best company in the communications sector, period.

To that end, we have gained scale in the broadband, global IP and mobile technologies required for us to become a leading network company. We have also come together around a single brand, common values and a results-driven culture. While there is always more to do, we have come through an important phase in our strategic transformation. We now have a superior set of assets in place, based on quality networks and direct relationships with millions of customers, and we have developed a capable and experienced management team. This business model is delivering improved operational performance and creating higher returns for shareowners. And with this solid foundation, Verizon is well-positioned to meet future market demands for mobility, bandwidth and global connectivity.

Chairman’s Letter continued …