Show full PR text Verizon Clarifies Succession Plans; Names Lowell McAdam as COO Fran Shammo Named Verizon CFO, Dan Mead Announced as CEO and President of Verizon Wireless, and John Stratton Announced as Verizon Wireless COO NEW YORK, Sept. 20 /PRNewswire/ -- Verizon Wireless President and CEO Lowell C. McAdam has been named president and chief operating officer of Verizon Communications Inc. (NYSE, Nasdaq: VZ), reporting to Chairman and CEO Ivan G. Seidenberg, effective Oct. 1, 2010. The appointment of McAdam by the Verizon Board of Directors is an important step in the succession process for when Seidenberg retires from the company. McAdam will have responsibility for the operations of Verizon's network-based businesses -- Verizon Wireless and Verizon Telecom and Business -- as well as Verizon Services Operations.