Clarence Otis - Verizon Communications Lead Independent Director

VZ Stock  USD 43.85  0.49  1.11%   

Director

Mr. Clarence Otis, Jr. is appointed as Lead Independent Director of Verizon Communications Inc., effective as of March 8, 2019. He Currently servers as Independent Director of the Company. Mr. Otis is the former Chairman and Chief Executive Officer of Darden Restaurants, Inc., the largest companyowned and operated fullservice restaurant company in the world. He served as CEO of Darden Restaurants from 2004 to 2014 and as Chairman from 2005 to 2014. After joining Darden in 1995 as Vice President and Treasurer, Mr. Otis served in a number of positions of responsibility, including Chief Financial Officer, Executive Vice President, and President of Smokey Bones Barbeque Grill, a restaurant concept formerly owned and operated by Darden since 2019.
Age 64
Tenure 5 years
Address 1095 Avenue of the Americas, New York, NY, United States, 10036
Phone212 395 1000
Webhttps://www.verizon.com
Otis also served as a director of the Federal Reserve Bank of Atlanta from 2010 to 2015. He has served as a director of The Travelers Companies, Inc. since August 2017 and VF Corporationration since 2004. He has also been a director of 138 funds within the MFS Mutual Funds complex since March 2017.

Clarence Otis Latest Insider Activity

Tracking and analyzing the buying and selling activities of Clarence Otis against Verizon Communications stock is an integral part of due diligence when investing in Verizon Communications. Clarence Otis insider activity provides valuable insight into whether Verizon Communications is net buyers or sellers over its current business cycle. Note, Verizon Communications insiders must abide by specific rules, including filing SEC forms every time they buy or sell Verizon Communications'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
 
Clarence Otis over a week ago
Insider Trading
 
Clarence Otis over six months ago
Insider Trading

Verizon Communications Management Efficiency

The company has Return on Asset (ROA) of 0.0498 % which means that for every $100 of assets, it generated a profit of $0.0498. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1043 %, which means that it produced $0.1043 on every 100 dollars invested by current stockholders. Verizon Communications' management efficiency ratios could be used to measure how well Verizon Communications manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Verizon Communications' Return On Capital Employed is fairly stable compared to the past year. Return On Assets is likely to rise to 0.03 in 2024, whereas Return On Tangible Assets are likely to drop 0.05 in 2024. At this time, Verizon Communications' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 360.6 B in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 11.3 B in 2024.
Verizon Communications reports 174.94 B of total liabilities with total debt to equity ratio (D/E) of 2.01, which may imply that the company relies heavily on debt financing. Verizon Communications has a current ratio of 0.74, implying that it has not enough working capital to pay out debt commitments in time. Note however, debt could still be an excellent tool for Verizon to invest in growth at high rates of return.

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Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York. Verizon Communications operates under Telecom Services classification in the United States and is traded on New York Stock Exchange. It employs 119500 people. Verizon Communications (VZ) is traded on New York Stock Exchange in USA. It is located in 1095 Avenue of the Americas, New York, NY, United States, 10036 and employs 101,200 people. Verizon Communications is listed under Diversified Telecommunication Services category by Fama And French industry classification.

Management Performance

Verizon Communications Leadership Team

Elected by the shareholders, the Verizon Communications' board of directors comprises two types of representatives: Verizon Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Verizon. The board's role is to monitor Verizon Communications' management team and ensure that shareholders' interests are well served. Verizon Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Verizon Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronan Dunne, Executive Vice President, Group Chief Executive Officer of Verizon’s Consumer Group
Samantha Hammock, Chief Human Resource Officer, Executive Vice President
Brady Connor, Senior Vice President
Jennifer Chronis, Senior Vice President of Verizon Public Sector
Stacy Sharpe, Executive Officer
Manon Brouillette, Chief Operating Officer, Deputy Chief Executive Officer - Verizon Consumer Group
Gregory Weaver, Independent Director
Daniel Schulman, Independent Director
Tami Erwin, Executive Vice President, Group Chief Executive Officer - Verizon Business
Anthony Skiadas, Senior Vice President Controller
T Fox, Senior Vice President of Industrial IoT and Automotive
Leslie Berland, Executive Officer
Clarence Otis, Lead Independent Director
Diego Scotti, Chief Marketing Officer
Mark Bertolini, Independent Director
Matthew Ellis, Chief Financial Officer, Executive Vice President
K Gowrappan, Executive Vice President, Group Chief Executive Officer - Verizon Media
Carol Tome, Independent Director
Kyle Malady, Executive Vice President, Chief Technology Officer
Vittorio Colao, Independent Director
Roxanne Austin, Independent Director
Sowmyanarayan Sampath, Executive Group
Shellye Archambeau, Independent Director
Kevin Service, Senior Operations
Tamara Erwin, Advisor
Vandana Venkatesh, Executive Officer
Brady CPA, Senior Relations
Tamra Erwin, Executive Vice President, Group Chief Executive Officer - Verizon Business
Sam Hammock, Chief Human Resource Officer, Executive Vice President
MaryLee Stillwell, Senior Controller
Rodney Slater, Independent Director
Christine Pambianchi, Chief Human Resource Officer, Executive Vice President
Melanie Healey, Independent Director
Maggie Hallbach, Senior Vice President - Verizon Public Sector
Hans Vestberg, Executive Vice President CTO and President - Global Networks
Rima Qureshi, Executive Vice President Chief Strategy Officer
James Gerace, Senior Officer
Craig Silliman, Executive Vice President, Chief Administrative, Legal and Public Policy Officer
Anthony CPA, Executive CFO
Rose Kirk, Senior Officer
Eric Spadafora, Vice President General Manager of BlueJeans
Joseph Russo, Executive Technology
Santiago Tenorio, CTO Enablement
Laxman Narasimhan, Independent Director
Kathleen Grillo, Senior Affairs
Magda Yrizarry, Equity Diversity

Verizon Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Verizon Communications a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Additional Tools for Verizon Stock Analysis

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