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Stock impact report

Verizon looking to ‘increase the pace of execution’ amid leadership change [Yahoo! Finance News]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Change is coming to Verizon Communications Inc. after a tough year for the company’s consumer wireless business., stepping down from that roleDespite the change in leadership, Vestberg said that the move doesn’t reflect a change in strategy.“It’s just that sometimes you make adjustments in order to … increase the pace of execution and things like that,” he said at a UBS conference Monday morning, according to a transcript provided by Sentieo/AlphaSense. “And we wanted to get into 2023 strong.”Vestberg also denied that the change was a reflection on the company’s fourth-quarter performance thus far. Afterthree quarters of subscriber declines in Verizon’s retail postpaid phone business“The only sort of caveat anyone would have and I guess that this is very versatile [is] that there [is] some choppiness in supply,” he noted, though Verizon has so far managed that well thanks to “very good” relationships with phone manufacturers, according to Vestberg.He said that the company hasn Show less Read more
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