Verizon Elects Vittorio Colao to Its Board of Directors
November 07 2022 - 10:30AM
Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the
election of Vittorio Colao to the Verizon Board of Directors,
effective November 4, 2022. Mr. Colao was the Italian Minister for
Innovation, Digital Transition and Space from February 2021 to
October 2022. In this role, he led Italy's efforts to roll out
broadband and 5G connectivity across the country.
He is the former Chief Executive of Vodafone Group
Plc, a global mobile communications company, from 2008 to 2018.
During his long tenure with the Vodafone Group beginning in 1999,
Colao held numerous executive positions, including serving as the
Regional Chief Executive Officer for Southern Europe, Middle East
and Africa. He served on the Vodafone Board from 2006 to 2018.
Colao served on Verizon’s Board of Directors from
2019 to February 2021, prior to his appointment as Minister in the
Italian Cabinet. He has unique insight into Verizon’s wireless
business as a result of his five-year tenure on the Verizon
Wireless Board of Representatives when Verizon Wireless was a joint
venture between Verizon and Vodafone. The Board has appointed him
to the Corporate Governance and Policy Committee and the Finance
Committee.
Hans Vestberg, Verizon Chairman and Chief Executive
Officer said, “We are thrilled to have Vittorio rejoin our Board as
we execute our 5G strategy. He is an outstanding leader who brings
to Verizon a wealth of telecommunications expertise. He built and
transformed Vodafone through organic growth, acquisitions and sales
into one of the world’s largest communications companies with
mobile operations in 24 countries and partnerships in over 40 more
countries. With his deep understanding of the wireless industry,
successful tenure as CEO, and government experience, he will
strengthen the expertise of the Board and be a tremendous asset to
Verizon.
The addition of Vittorio Colao brings Verizon’s
total board membership to 12, eleven of whom are independent,
effective November 4, 2022.
Mr. Colao served as a director of Unilever PLC and
Unilever N.V. from 2015 to 2021.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on
June 30, 2000 and is one of the world’s leading providers of
technology and communications services. Headquartered in New York
City and with a presence around the world, Verizon generated
revenues of $133.6 billion in 2021. The company offers data, video
and voice services and solutions on its award-winning networks and
platforms, delivering on customers’ demand for mobility, reliable
network connectivity, security and control.
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Media contact: Kim Ancin
Kimberly.ancin@verizon.com
Verizon Communications (NYSE:VZ)
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