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Monday Dayton
@mondaydayton · Jun 13

New at Verizon $VZ, they are looking for a CFO.

A company quite popular even among investors is undergoing a leadership change. The company, which has been in business for a significant number of years, is quite stable with a nice dividend. A Monday report in the Wall Street Journal said they are working with advisors to find a "CFO plus" to hire an executive who would improve the company's business performance and also could become a CEO candidate in the future. The current CEO, Hans Vestberg, is actively involved in this along with members of the Board.

There has been quite a turnover in the positions over the past few years. In March, the company announced a change in leadership in the consumer sector, where things started to tie up as it reported a loss of up to 127,000 customers using flat-rate phones in 1Q this year. Sowmyanarayan Sampath took up the position in March, until then held by CEO Hans Vestberg himself,

Thanks to investor interest, I started thinking about the company here as well. Unfortunately for a Verizon-type company, Amazon $AMZN recently broke the news that it wants to offer free mobile services to Prime subscribers in the US.

How do you view the outlook for this company in light of these two reports. 1, competition and 2, changes in leadership positions, both from March in the consumer sector and now looking for a CFO?

Părerea personală a unui membru al comunității, nu o recomandare de investiții. Regulile comunității

RR
Rickie Reeve @rickiereeve Jun 13

I guess I would welcome any change in leadership here. The company needs to wake up a bit in some respects.

MD
Monday Dayton @mondaydayton Jun 13

👍 yeah, it would be a shame and so far I feel like she's missing the train due to competition, but I don't have that info on this company yet.

SJ
Steve James @stevejames Jun 13

I believe in a return to the limelight. The company has many challenges ahead, but I believe in the return of good old Verizon. And I don't think Amazon will threaten them.

MD
Monday Dayton @mondaydayton Jun 13

So cool. I'm considering just including her in my portfolio, I like her, I'm just wondering how she handles, can she keep up with the competition and the evolving times?

AA
Ashraf Aboudar @ashraf_dd Jun 13

Let's see how the stock reacts to this. They don't think it will have a major impact (at least today). Otherwise, it's a nice place😊

MD
Monday Dayton @mondaydayton Jun 13

It does, I don't think it will have any effect on the price either, not today. I'm just saying I would put it in the portfolio for the long term, but I'm saying how will it handle the competition and the evolving times? ...Otherwise, it strikes me as a nice company.

DM
Darius Moore @dariusmoore Jun 13

Hopefully, $VZ will wake up. ✌

MD
Monday Dayton @mondaydayton Jun 13

I'm considering buying it, well, since it's this low. Considering the history, it would be a shame if she couldn't move with the times.

JB
Jason Bellier @neostonks Jun 13

The new director will definitely have a hard time in this tough environment. Plus, the move by Amazon may yet steal customers from these companies as Amazon Prime is quite prevalent there, so why not take advantage.

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