Laxman Narasimhan Elected to Verizon Board of Directors
June 25 2021 - 08:00AM
Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the
election of Laxman Narasimhan, to the Verizon Board of Directors,
effective July 1, 2021. Laxman is Chief Executive Officer of
Reckitt Benckiser Group Plc (‘Reckitt’), a FTSE 12 listed British
multinational consumer health, hygiene and nutrition company. He
also serves as a director of Reckitt.
“As we continue to accelerate 5G adoption by consumers, execute
on our Network-as-a-service strategy and grow Verizon’s business
into new markets, Laxman’s expertise in consumer services,
global operations and strategic development will have an immediate
impact on our board and the evolution of our business” said Hans
Vestberg, Verizon Chairman and Chief Executive Officer.
The addition of Mr. Narasimhan will bring Verizon’s total board
membership to ten, nine of whom are independent, effective July 1,
2021.
Previously, Mr. Narasimhan served as PepsiCo’s Group Chief
Commercial Officer until July 2019, and prior to that beginning in
2012 served as Chief Executive Officer - Latin America, Europe and
Sub-Saharan Africa, Chief Executive Officer - Latin America, and
Chief Financial Officer of PepsiCo Americas Foods. Prior to joining
PepsiCo in 2012, Mr. Narasimhan spent 19 years at McKinsey &
Company, where he focused on its consumer, retail and technology
practices in the U.S., Asia and India.
Laxman is a trustee of the Brookings Institution, a member of
the Council on Foreign Relations and a member of the UK Prime
Minister's Build Back Better Council. He holds a degree in
Mechanical Engineering from the College of Engineering, University
of Pune, India. He has an MA in German and International Studies
from the University of Pennsylvania and an MBA from The Wharton
School of The University of Pennsylvania.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on
June 30, 2000 and is one of the world’s leading providers of
technology, communications, information and entertainment products
and services. Headquartered in New York City and with a presence
around the world, Verizon generated revenues of $128.3 billion in
2020. The company offers data, video and voice services and
solutions on its award-winning networks and platforms, delivering
on customers’ demand for mobility, reliable network connectivity,
security and control.
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Media contact: Kim
AncinKimberly.ancin@verizon.com908-801-0500
Verizon Communications (NYSE:VZ)
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