Chairman of the Executive Board and CEO of Merck KGaA Karl-Ludwig
Kley elected to Verizon Board of Directors
NEW YORK, Nov. 5, 2015 -- Verizon Communications Inc.
(NYSE, Nasdaq: VZ) today announced the election of Dr. Karl-Ludwig Kley, chairman of the executive
board and chief executive officer of Merck KGaA, to the Verizon
Board of Directors, effective November
5.
"Karl is an accomplished executive who brings to Verizon
significant leadership experience as CEO of an innovative, global
operation that is navigating a highly competitive, complex and
rapidly changing ecosystem. He has extensive expertise in corporate
finance and critical capabilities in strategy and operations," said
Lowell McAdam, Verizon chairman and
chief executive officer. "We are very pleased to have Karl join our
board."
The addition of Kley brings Verizon's total board membership to
13.
Kley has been chief executive officer and chairman of the
executive board of Merck KGaA in Darmstadt, Germany since 2007. Prior to this, he was
appointed vice chairman of the executive board in September 2006. Before joining Merck KGaA, Kley
was a member of the executive board of Deutsche Lufthansa AG from
1998 to 2006, where he served as chief financial officer. From 1982
to 1998, Kley worked for Bayer AG in a variety of positions,
including as head of corporate finance and investor relations.
Kley holds a J.D. from the University of Munich.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) employs a diverse
workforce of 177,900 and generated more than $127 billion in 2014 revenues. Verizon Wireless
operates America's most reliable wireless network, with 110.8
million retail connections nationwide. Headquartered in
New York, Verizon also provides
communications and entertainment services over America's most
advanced fiber-optic network, and delivers integrated business
solutions to customers worldwide. For more information, visit
www.verizon.com/news/.
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SOURCE: Verizon Communications Inc.
CONTACT: Media contact: Bob
Varettoni, 908.559.6388, robert.a.varettoni@verizon.com