NEW YORK - Verizon Communications (NYSE: NYSE:VZ) disclosed Thursday that Craig L. Silliman, the company's Executive Vice President and President of Verizon Global Services, is set to leave his role effective July 1, 2024. Silliman, who has played a significant part in the company's leadership, will transition to a strategic advisor position, continuing to report directly to Hans E. Vestberg, Verizon's Chairman and Chief Executive Officer.
The company's brief announcement did not specify a reason for Silliman's departure or mention a successor. It did, however, state that Silliman will remain in the advisory role until the end of 2024. The news comes as part of an 8K filing, a mandatory report companies must file with the SEC to announce major events that shareholders should know about.
Silliman's career at Verizon has been marked by his leadership in the company's global services division, and his move to a strategic advisory role suggests he will continue to influence the company's direction through the end of the year.
Verizon, a leading provider in the telecommunications industry, has not yet made any further statements regarding the impact of this change on the company's operations or strategic plans.
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