Verizon appoints Jennifer K. Mann, Coca-Cola executive, to its Board of Directors, enhancing strategic expertise and governance.
Quiver AI Summary
Verizon Communications Inc. announced the immediate election of Jennifer K. Mann to its Board of Directors. As the Executive Vice President and President of North America Operating Unit at The Coca-Cola Company, Mann brings extensive experience in consumer marketing, brand management, and strategic planning, developed over her 28-year career at Coca-Cola. Verizon Chairman and CEO Hans Vestberg highlighted her leadership skills, particularly in managing large-scale acquisitions. Mann will enhance the board's diverse expertise as Verizon focuses on its customer-first strategy and its broadband network expansion, including the pending acquisition of Frontier. Mann holds a B.A. in Accounting from Georgia State University and is actively involved in community service through various organizations.
Potential Positives
- Verizon strengthens its Board of Directors with the election of Jennifer K. Mann, an experienced executive from The Coca-Cola Company, bringing extensive expertise in consumer, marketing, and strategic planning.
- The appointment of Ms. Mann is expected to enhance Verizon's customer-first strategy and support the company's efforts in expanding its broadband network, particularly through the pending acquisition of Frontier.
- With the addition of Ms. Mann, Verizon's board now consists of 11 directors with a diverse range of perspectives and expertise, reinforcing the company’s commitment to informed leadership.
Potential Negatives
- The announcement of a new board member may suggest a lack of existing depth in leadership expertise within Verizon, raising concerns about governance and strategic direction.
- The mention of a pending acquisition of Frontier could indicate potential instability or challenges that Verizon might face during the integration process, diverting focus from core operations.
- The press release does not address any current challenges or setbacks the company may be experiencing, which could leave investors questioning the transparency and overall health of the organization.
FAQ
Who has been elected to the Verizon Board of Directors?
Jennifer K. Mann, Executive Vice President and President of North America Operating Unit at Coca-Cola, has been elected to the board.
What experience does Jennifer K. Mann bring to Verizon?
She brings extensive consumer, marketing, brand management, and strategic planning expertise from her 28-year career at Coca-Cola.
How many directors are on the Verizon board now?
The Verizon board now consists of 11 directors with diverse perspectives and expertise.
What was Jennifer K. Mann’s role prior to joining Verizon's board?
She served as Executive Vice President and President of Coca-Cola’s North America Operating Unit before joining the Verizon board.
What are Verizon's recent initiatives mentioned in the press release?
Verizon aims to expand its broadband network and execute its customer-first strategy, including the acquisition of Frontier.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VZ Congressional Stock Trading
Members of Congress have traded $VZ stock 8 times in the past 6 months. Of those trades, 3 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $VZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE TIM MOORE purchased up to $50,000 on 07/29.
- REPRESENTATIVE RITCHIE TORRES sold up to $15,000 on 07/11.
- REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/24 and 1 sale worth up to $15,000 on 07/10.
- REPRESENTATIVE JEFFERSON SHREVE sold up to $50,000 on 05/12.
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 04/11.
- REPRESENTATIVE ROBERT BRESNAHAN purchased up to $50,000 on 04/08.
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/01.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$VZ Insider Trading Activity
$VZ insiders have traded $VZ stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $VZ stock by insiders over the last 6 months:
- KYLE MALADY (EVP and Group CEO-VZ Business) has made 0 purchases and 6 sales selling 41,500 shares for an estimated $1,806,728.
- VANDANA VENKATESH (EVP-PubPol&ChiefLegalOfficer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $437,938.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VZ Hedge Fund Activity
We have seen 1,557 institutional investors add shares of $VZ stock to their portfolio, and 1,462 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BANK OF AMERICA CORP /DE/ added 25,088,080 shares (+79.6%) to their portfolio in Q2 2025, for an estimated $1,085,561,221
- CAPITAL WORLD INVESTORS removed 12,670,524 shares (-56.9%) from their portfolio in Q2 2025, for an estimated $548,253,573
- FMR LLC removed 6,693,242 shares (-15.4%) from their portfolio in Q2 2025, for an estimated $289,616,581
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 5,916,250 shares (-50.0%) from their portfolio in Q2 2025, for an estimated $255,996,137
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 5,660,185 shares (+13.5%) to their portfolio in Q2 2025, for an estimated $244,916,204
- VANGUARD GROUP INC added 4,615,075 shares (+1.3%) to their portfolio in Q2 2025, for an estimated $199,694,295
- STATE STREET CORP added 4,205,449 shares (+2.1%) to their portfolio in Q2 2025, for an estimated $181,969,778
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VZ Analyst Ratings
Wall Street analysts have issued reports on $VZ in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Tigress Financial issued a "Buy" rating on 04/28/2025
- Oppenheimer issued a "Outperform" rating on 04/01/2025
To track analyst ratings and price targets for $VZ, check out Quiver Quantitative's $VZ forecast page.
$VZ Price Targets
Multiple analysts have issued price targets for $VZ recently. We have seen 8 analysts offer price targets for $VZ in the last 6 months, with a median target of $49.0.
Here are some recent targets:
- Philip Cusick from JP Morgan set a target price of $49.0 on 07/22/2025
- Jonathan Atkin from RBC Capital set a target price of $46.0 on 07/22/2025
- Michael Funk from B of A Securities set a target price of $49.0 on 07/22/2025
- Benjamin Swinburne from Morgan Stanley set a target price of $48.0 on 07/22/2025
- Eric Luebchow from Wells Fargo set a target price of $43.0 on 07/10/2025
- Ivan Feinseth from Tigress Financial set a target price of $56.0 on 04/28/2025
- Maher Yaghi from Scotiabank set a target price of $49.0 on 04/23/2025
Full Release
NEW YORK, Aug. 25, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Jennifer K. Mann, Executive Vice President and President, North America Operating Unit of The Coca-Cola Company, to the Verizon Board of Directors, effective immediately.
“Jennifer is a highly accomplished leader who brings to Verizon a wealth of consumer, marketing, brand management and strategic planning expertise acquired during her 28-year career at Coca-Cola,” said Verizon Chairman and CEO Hans Vestberg. “She leads Coca-Cola’s largest operating unit and possesses substantial and proven experience overseeing the integration and strategic management of large-scale acquisitions and investments. We look forward to Jennifer’s contributions to the board as we continue to execute on our customer-first strategy and expand our broadband network through the pending acquisition of Frontier.”
With the addition of Ms. Mann, the Verizon board consists of 11 directors with a broad mix of perspectives and expertise.
Ms. Mann has served as an Executive Vice President of Coca-Cola since January 2024 and President, North America Operating Unit since 2023, and is responsible for the oversight of the company’s operations in the United States and Canada. She served as President, Global Ventures of Coca-Cola from 2019 to 2022, and was responsible for globally scaling the Costa Coffee acquisition and the company’s investment in Monster Beverage Corp. Previously, Ms. Mann served as Chief People Officer of Coca-Cola from 2017 to 2019. She joined Coca-Cola in 1997 in its North America business and has held a wide range of positions in the company’s operations and customer leadership.
Ms. Mann holds a B.A. in Accounting from Georgia State University and serves on the boards of Boys & Girls Clubs of America, Morehouse College and Ronald McDonald House Charities, reflecting her deep commitment to community and education.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news . News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/ .
Media contact:
Katie Magnotta
201-602-9235
[email protected]
