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Verizon Exec Resigns

NEW YORK -- Daniel C. Petri, group president - International, has announced plans to retire after 37 years with Verizon Communications Inc., effective Aug. 1.

Since 2002, Petri has had overall responsibility for Verizon's businesses outside the United States, including telephone operations in more than 20 countries on five continents. His mission over the last several years has been to optimize the operational and financial performance of these international telephone operations. At the same time, he has helped Verizon rationalize its portfolio of international affiliates as the company has shifted its global emphasis to providing advanced communications services to businesses and governments around the world.

"Dan has distinguished himself as an astute operational executive and negotiator in diverse and often difficult business environments," said Chairman and CEO Ivan Seidenberg. "He has provided leadership and business acumen to Verizon during a period of rapid transformation. We will miss his wisdom and his counsel, and we wish him the best."

Verizon Communications Inc. (NYSE: VZ)

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