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Verizon CFO Shammo to retire at the end of 2016

Francis Shammo, CFO of Verizon
Source: Verizon
Francis Shammo, CFO of Verizon

Verizon Communications said on Thursday that its chief financial officer, Francis Shammo, plans to retire at the end of the year and will step down from his role effective Nov. 1.

Verizon said its board of directors appointed Matthew D. Ellis, who is currently senior vice president and CFO-operations finance, to succeed Shammo.