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Item 1 on Proxy Card:
The Board has fixed the size of the Board at thirteen Directors.
Each of the nominees listed below is an incumbent Director
whose nomination to serve for a one-year term was recommended
by the Corporate Governance Committee and approved by the
Board. Each nominee has consented to stand for election and
the Board does not anticipate that any nominee will be unavailable
to serve. However, if any nominee should become unavailable
to serve at the time of the Annual Meeting, the Proxy Committee
will vote shares represented by proxies for the remaining
nominees and for substitute nominee(s), if any, designated
by the Board, unless otherwise instructed by a shareholder.
A Director who reaches mandatory retirement age during his
or her term must retire in accordance with the Company’s
Bylaws.
If you wish to vote for or withhold your vote from all nominees,
please mark the corresponding box on your proxy card or proceed
as directed in the instructions for telephone or Internet
voting. If you do not wish your shares to be voted for a particular
nominee, you should note that nominee’s name in the exception
space provided on the proxy card or proceed as directed in
the instructions for telephone or Internet voting.
The election of Directors is determined by a plurality of
the votes cast.
The following biographies provide information about each
nominee’s principal occupation and business experience,
age, and directorships held in other public corporations,
as well as Verizon Board committee memberships, as of March
2, 2006.
The Board of Directors recommends a vote FOR each of the
nominees.
DIRECTOR NOMINEES |
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JAMES
R. BARKER, Chairman, The Interlake Steamship
Co. and New England Fast Ferry Company and Vice Chairman,
Mormac Marine Group, Inc. and Moran Towing Corporation.
Director of The Brink's Company. Director since
2000 (Director of GTE Corporation 1976 – 2000); Chairperson
of Public Policy Committee and member of Audit and Finance
Committee. Age 70. |
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RICHARD
L. CARRIÓN, Chairman, President and Chief
Executive Officer, Popular, Inc. and Chairman and Chief
Executive Officer, Banco Popular de Puerto Rico. Director
of Telecomunicaciones de Puerto Rico, Inc.; Wyeth. Director
since 1997 (Director of NYNEX Corporation 1995 –
1997); member of Human Resources Committee and Public
Policy Committee. Age 53. |
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ROBERT
W. LANE, Chairman and Chief Executive Officer,
Deere & Company. Director of General Electric Company.
Director since 2004; member of Audit and Finance Committee
and Human Resources Committee. Age 56. |
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SANDRA
O. MOOSE, President of Strategic Advisory Services
LLC; Retired Senior Vice President and Director of The
Boston Consulting Group, Inc. Director of Rohm and Haas
Company; The AES Corporation; Chairman of the Board of
CDC-IXIS and Loomis Sayles Funds. Director since 2000
(Director of GTE Corporation 1978 – 2000); Chairperson
of Corporate Governance Committee and member of Audit
and Finance Committee. Age 64. |
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JOSEPH
NEUBAUER, Chairman and Chief Executive Officer,
ARAMARK Corporation; Executive Chairman of the Board (January
2004 – September 2004); Chairman (April 1984 –
December 2003); Chief Executive Officer (February 1983
– December 2003). Director of Federated Department
Stores, Inc.; Wachovia Corporation. Director since 1995;
member of Public Policy
Committee. Age 64. |
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DONALD
T. NICOLAISEN, Former Chief Accountant of the
United States Securities and Exchange Commission (2003
– 2005); Senior Partner, PricewaterhouseCoopers (1967
– 2003). Director since December 2005; member of
the Audit and Finance Committee and Corporate Governance
Committee. Age 61. |
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THOMAS
H. O’BRIEN, Retired Chairman and Chief Executive
Officer, The PNC
Financial Services Group, Inc. and PNC Bank, N.A. Director
of BlackRock, Inc.;
Hilb, Rogal and Hobbs Company; The PNC Financial Services
Group, Inc.
Director since 1987; Chairperson of Audit and Finance
Committee and member
of Public Policy Committee. Age 69. |
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CLARENCE
OTIS, JR., Chairman and Chief Executive Officer,
Darden Restaurants, Inc.; Chief Executive Officer (December
2004 – November 2005); Executive Vice President (March
2002 – November 2004); President, Smokey Bones Barbeque
& Grill (December 2002 – November 2004); Chief
Financial Officer (December 1999 – December 2002).
Director of St. Paul Travelers Companies, Inc. (not standing
for reelection in 2006); VF Corporation. Director since
January 2006. Age 49. |
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HUGH
B. PRICE, Senior Fellow, Brookings Institution;
Senior Advisor, DLA Piper Rudnick Gray Cary U.S. LLP (2003
– 2005); President and Chief Executive Officer, National
Urban League (1994 – 2003). Director of Metropolitan
Life, Inc. and Metropolitan Life Insurance Company. Director
since 1997 (Director of NYNEX Corporation 1995 –
1997); member of Corporate Governance Committee. Age 64. |
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IVAN
G. SEIDENBERG, Chairman and Chief Executive Officer,
Verizon Communications Inc.; President and Chief Executive
Officer (April 2002 – December 2003); President and
Co-Chief Executive Officer (June 2000 – March 2002);
Chairman of the Board (December 1998 – June 2000)
and Chief Executive Officer (June 1998 – June 2000).
Director of Honeywell International Inc.; Wyeth. Director
since 1997 (Director of NYNEX Corporation 1991 –
1997). Age 59. |
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WALTER
V. SHIPLEY, Retired Chairman, The Chase Manhattan
Corporation; Chairman and Chief Executive Officer (1983
– 1992; 1994 – 1999). Director of Exxon Mobil
Corporation; Wyeth. Director since 1997 (Director of NYNEX
Corporation 1983 – 1997); Chairperson of Human Resources
Committee and member of Corporate Governance Committee.
Age 70. |
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JOHN
R. STAFFORD, Retired Chairman of the Board (1986
– 2002) and Chief Executive Officer (1986 –
2001), Wyeth. Director of Honeywell International Inc.
Director since 1997 (Director of NYNEX Corporation 1989
– 1997); member of Audit and Finance Committee and
Human Resources Committee. Age 68. |
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ROBERT
D. STOREY, Retired Partner, Thompson Hine LLP.
Director of The Procter & Gamble Company. Director
since 2000 (Director of GTE Corporation 1985 – 2000);
member of Public Policy Committee. Age 69. |
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