Verizon Communications Management
Management criteria checks 1/4
Verizon Communications' CEO is Hans Vestberg, appointed in Aug 2018, has a tenure of 6.25 years. total yearly compensation is $24.13M, comprised of 6.2% salary and 93.8% bonuses, including company stock and options. directly owns 0.012% of the company’s shares, worth €19.88M. The average tenure of the management team and the board of directors is 1.6 years and 6.2 years respectively.
Key information
Hans Vestberg
Chief executive officer
US$24.1m
Total compensation
| CEO salary percentage | 6.2% |
| CEO tenure | 6.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 1.6yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$10b |
| Jun 30 2024 | n/a | n/a | US$11b |
| Mar 31 2024 | n/a | n/a | US$11b |
| Dec 31 2023 | US$24m | US$2m | US$12b |
| Sep 30 2023 | n/a | n/a | US$21b |
| 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$30b |
Compensation vs Market: Hans's total compensation ($USD24.13M) is above average for companies of similar size in the BG market ($USD4.40M).
Compensation vs Earnings: Hans's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Hans Vestberg (59 yo)
6.3yrs
Tenure
US$24,129,317
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 | 6.3yrs | US$24.13m | 0.012% € 19.9m | |
| Executive VP & CFO | 1.6yrs | US$8.93m | 0.0020% € 3.4m | |
| Executive VP & CEO of Verizon Business Group | 1.7yrs | US$10.81m | 0.0020% € 3.3m | |
| Executive VP & CEO of Verizon Consumer Group | 1.7yrs | US$11.38m | 0.0023% € 3.9m | |
| Senior VP of Accounting & External Reporting and Controller | 1.5yrs | no data | 0.00039% € 657.7k | |
| CTO & Senior VP of Strategy and Technology Enablement | less than a year | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Executive VP & Chief Legal Officer | 2.1yrs | no data | 0.00072% € 1.2m | |
| Executive VP & Chief Communications Officer | less than a year | no data | no data | |
| Executive VP & Chief Marketing Officer | less than a year | no data | no data | |
| Executive VP & Chief Human Resources Officer | 2.9yrs | no data | 0.00040% € 674.5k | |
| Chief Diversity | no data | no data | no data |
1.6yrs
Average Tenure
51yo
Average Age
Experienced Management: BAC's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.4yrs | US$24.13m | 0.012% € 19.9m | |
| Independent Director | 6.2yrs | US$365.00k | no data | |
| Independent Director | 4.1yrs | US$335.00k | no data | |
| Independent Lead Director | 18.8yrs | US$410.00k | 0.000070% € 118.0k | |
| Independent Director | 10.9yrs | US$355.00k | no data | |
| Independent Director | 3.2yrs | US$335.00k | 0% € 0 | |
| Independent Director | 2yrs | US$335.00k | no data | |
| Independent Director | 14.7yrs | US$335.00k | no data | |
| Independent Director | 9.8yrs | US$355.00k | 0.000010% € 16.9k | |
| Independent Director | 3.3yrs | US$335.00k | 0.000010% € 16.9k | |
| Director | less than a year | no data | no data |
6.2yrs
Average Tenure
63yo
Average Age
Experienced Board: BAC's board of directors are considered experienced (6.2 years average tenure).