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VZ > SEC Filings for VZ > Form 8-K on 6-Dec-2011All Recent SEC Filings




Change in Directors or Principal Officers, Financial Statements and Ex

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 1, 2011, the Board of Directors of Verizon Communications Inc. (Verizon) accepted the resignation of Ivan G. Seidenberg from the Board and as Chairman of Verizon, effective at the close of business on December 31, 2011, and elected Lowell C. McAdam, President and Chief Executive Officer of Verizon, as Chairman of the Board, effective at the close of business on December 31, 2011.

On December 1, 2011, the Verizon Board of Directors elected Melanie L. Healey, Group President - North America and Global Hyper, Super, Mass Channel at Procter & Gamble Company, as a new Director effective immediately. As a Director, Ms. Healey will participate in the compensation program applicable to all non-employee directors, which is described under the heading "Non-Employee Director Compensation" in Verizon's definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 21, 2011. Ms. Healey has not yet been named to a Board committee.

On December 1, 2011, Verizon determined that it will reorganize its shared services operations to better align functions within the organization. As a result of this realignment, effective at the close of business on December 31, 2011, Virginia P. Ruesterholz, Verizon's Executive Vice President and President
- Verizon Services Operations, will no longer be responsible for Verizon's shared services operations. Ms. Ruesterholz will continue to report to Mr. McAdam and will oversee certain strategic initiatives.

A press release announcing the Board elections described above is filed as Exhibit 99 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Number      Description

99          Press Release, dated December 1, 2011, issued by Verizon Communications Inc.

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