Summary by Futu AI
On June 27, 2024, Verizon Communications Inc. announced the election of Caroline A. Litchfield to its Board of Directors, effective October 1, 2024. Litchfield currently serves as the Executive Vice President and Chief Financial Officer of Merck & Co., Inc. Her appointment was confirmed by Verizon's Board of Directors and she will be compensated in accordance with the non-employee director compensation program detailed in Verizon's proxy statement filed on March 25, 2024. As of the announcement, Litchfield has not been assigned to any specific Board committee.