Verizon Names New Human Resources Leadership

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NEW YORK - Verizon Communications Inc. (NYSE:VZ) today announced it has named two executives to senior human resources positions, effective April 1.

Marc Reed, formerly vice president of human resources for Verizon Wireless, has been named executive vice president of Human Resources for Verizon corporatewide, replacing Ezra Singer. Reed will report to Verizon Chairman and CEO Ivan G. Seidenberg and will be responsible for establishing overall Verizon policy and strategy related to compensation, benefits, labor policy, executive staffing, diversity, ethics, and safety and the environment.

"Marc brings demonstrated leadership and strategic HR expertise to this position," said Seidenberg. "He's done an excellent job to help support a highly competitive culture at Verizon Wireless, and he has extensive prior experience in all facets of human resources at a corporate level. I look forward to the perspective Marc will bring to this assignment."

John Bell, formerly senior vice president of Northeast network services, has been named senior vice president of Human Resources for Verizon's Domestic Telecom unit, reporting to Verizon Domestic Telecom President Larry Babbio. Bell will develop and implement human resources policies and strategies across all Telecom units to create a more competitive, innovative and results-based culture and work force.

"Throughout his long career with this company, John has exhibited leadership and integrity," said Babbio. "John has an excellent understanding of our business, as well as a formal education in human resources, an outstanding knowledge of labor relations and negotiations, and a history of being a strong advocate for diversity and inclusion."

Before assuming his current position in Verizon Wireless in 2000, Reed had been vice president of Human Resources for GTE Communications Corp. He joined GTE in 1986, serving in various corporate and GTE Wireless Human Resources positions. He earned a bachelor's degree in business administration from the State University of New York at Buffalo.

Bell's career in telecommunications spans 35 years, starting as a central office technician at New England Telephone. He received a master's degree in human resources from Cambridge College.

Verizon Communications

A Fortune 10 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services, with approximately $68 billion in annual revenues. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the largest directory publisher in the world, as measured by directory titles and circulation. Verizon's international presence includes wireline and wireless communications operations and investments, primarily in the Americas and Europe. For more information, visit www.verizon.com.

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