Verizon Communications Management
Management criteria checks 2/4
Verizon Communications' CEO is Hans Vestberg, appointed in Aug 2018, has a tenure of 5.17 years. total yearly compensation is $19.83M, comprised of 7.6% salary and 92.4% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth $9.81M. The average tenure of the management team and the board of directors is 1 years and 6.7 years respectively.
Key information
Hans Vestberg
Chief executive officer
US$19.8m
Total compensation
| CEO salary percentage | 7.6% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.007% |
| Management average tenure | less than a year |
| Board average tenure | 6.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | US$21b |
| Mar 31 2023 | n/a | n/a | US$22b |
| Dec 31 2022 | US$20m | US$2m | US$21b |
| Sep 30 2022 | n/a | n/a | US$19b |
| Jun 30 2022 | n/a | n/a | US$21b |
| Mar 31 2022 | n/a | n/a | US$21b |
| Dec 31 2021 | US$20m | US$2m | US$22b |
| Sep 30 2021 | n/a | n/a | US$22b |
| Jun 30 2021 | n/a | n/a | US$20b |
| Mar 31 2021 | n/a | n/a | US$19b |
| Dec 31 2020 | US$19m | US$2m | US$18b |
| Sep 30 2020 | n/a | n/a | US$18b |
| Jun 30 2020 | n/a | n/a | US$19b |
| Mar 31 2020 | n/a | n/a | US$18b |
| Dec 31 2019 | US$18m | US$2m | US$19b |
| Sep 30 2019 | n/a | n/a | US$16b |
| Jun 30 2019 | n/a | n/a | US$16b |
| Mar 31 2019 | n/a | n/a | US$16b |
| Dec 31 2018 | US$22m | US$1m | US$16b |
| Sep 30 2018 | n/a | n/a | US$32b |
| Jun 30 2018 | n/a | n/a | US$31b |
| Mar 31 2018 | n/a | n/a | US$31b |
| Dec 31 2017 | US$10m | US$807k | US$30b |
Compensation vs Market: Hans's total compensation ($USD19.83M) is above average for companies of similar size in the Belgian market ($USD3.30M).
Compensation vs Earnings: Hans's compensation has been consistent with company performance over the past year.
CEO
Hans Vestberg (58 yo)
5.2yrs
Tenure
US$19,832,750
Compensation
Mr. Hans E. Vestberg has been Chief Executive Officer at Verizon Communications Inc. since August 01, 2018 and served as its Executive Chairman until January 2019. He has been the Chairman of the Board at...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.2yrs | US$19.83m | 0.0073% $ 9.8m | |
| Executive VP & President of Verizon Global Services | less than a year | US$8.63m | 0.0019% $ 2.5m | |
| Executive VP & CEO of Verizon Business Group | less than a year | US$13.11m | 0.0020% $ 2.7m | |
| Executive VP & CEO of Verizon Consumer Group | less than a year | US$8.75m | 0.0014% $ 1.9m | |
| Executive VP & CFO | less than a year | no data | 0.0015% $ 2.0m | |
| Senior VP of Accounting & External Reporting and Controller | less than a year | no data | 0.00017% $ 227.0k | |
| Executive VP & President of Global Networks and Technology | less than a year | no data | 0.00032% $ 427.3k | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Executive VP & Chief Legal Officer | less than a year | no data | 0.00047% $ 627.5k | |
| Senior VP & Chief Communications Officer | 10.3yrs | no data | no data | |
| Executive VP & Chief Marketing Officer | 9yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 1.8yrs | no data | 0% $ 0 |
1.0yrs
Average Tenure
52.5yo
Average Age
Experienced Management: VERIZ's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 5.3yrs | US$19.83m | 0.0073% $ 9.8m | |
| Independent Director | 5.1yrs | US$334.00k | no data | |
| Independent Director | 3yrs | US$316.00k | no data | |
| Independent Lead Director | 17.8yrs | US$370.00k | 0.000070% $ 93.5k | |
| Independent Director | 9.8yrs | US$328.00k | no data | |
| Independent Director | 2.1yrs | US$306.00k | 0% $ 0 | |
| Independent Director | less than a year | US$50.00k | no data | |
| Independent Director | 13.6yrs | US$304.00k | no data | |
| Independent Director | 8.7yrs | US$332.00k | 0.000010% $ 13.4k | |
| Independent Director | 11.8yrs | US$302.00k | no data | |
| Independent Director | 8.1yrs | US$350.00k | no data | |
| Independent Director | 2.3yrs | US$310.00k | 0.000010% $ 13.4k |
6.7yrs
Average Tenure
63.5yo
Average Age
Experienced Board: VERIZ's board of directors are considered experienced (6.7 years average tenure).