Laxman Narasimhan elected to Verizon board

BASKING RIDGE, NJ, June 25, 2021 (GLOBE NEWSWIRE) – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Laxman Narasimhan to the board of directors of Verizon, effective July 1, 2021 Laxman is Chief Executive Officer of Reckitt Benckiser Group Plc (“Reckitt”), a British multinational listed on FTSE 12 in the field of consumer health, hygiene and nutrition. He is also a director of Reckitt.

“As we continue to accelerate consumer adoption of 5G, execute our network-as-a-service strategy, and expand Verizon’s business into new markets, Laxman’s expertise in consumer services. consumers, global operations and strategic development will have an immediate impact on our board of directors and the evolution of our business, ”said Hans Vestberg, president and CEO of Verizon.

The addition of Mr. Narasimhan will bring the total number of Verizon board members to ten, of which nine are independent, effective July 1, 2021.

Previously, Mr. Narasimhan served as Commercial Director of PepsiCo Group until July 2019, and prior to that in 2012 he was Managing Director – Latin America, Europe and Sub-Saharan Africa, Managing Director – Latin America and Chief Financial Officer . by PepsiCo Americas Foods. Prior to joining PepsiCo in 2012, Mr. Narasimhan spent 19 years at McKinsey & Company, where he focused on its consumer, retail and tech practices in the United States, Asia and India.

Laxman is a director of the Brookings Institution, a member of the Council on Foreign Relations and a member of the Prime Minister’s Build Back Better Council. He holds a degree in Mechanical Engineering from the College of Engineering, University of Pune, India. He holds an MA in German and International Studies from the University of Pennsylvania and an MBA from the Wharton School at the University of Pennsylvania.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was incorporated on June 30, 2000 and is a leading global provider of technology, communications, information and entertainment products and services. Based in New York and with a worldwide presence, Verizon generated sales of $ 128.3 billion in 2020. The company provides data, video and voice services and solutions over its networks and platforms. – Award-winning forms, meeting customer demand for mobility, reliable network connectivity, security and control.

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