Technology >> CEO Interviews >> December 24, 2001
FREDERIC V. SALERNO is Vice Chairman and Chief Financial Officer of
Verizon Communications Inc. Prior to the Bell Atlantic/GTE merger, Mr.
Salerno was Senior Executive Vice President and Chief Financial Officer
of Bell Atlantic. Mr. Salerno served as a lead negotiator in three of
the most significant mergers in business history: the 1997 merger of
Bell Atlantic and NYNEX, Bell Atlantic's merger with GTE, and the
combination of the US wireless assets of Bell Atlantic and Vodafone
AirTouch into the country's largest wireless provider, Verizon Wireless.
He also directed Bell Atlantic's successful efforts to realize the
annual expense savings, capital efficiencies and revenue gains resulting
from the merger with NYNEX. Prior to his appointment as Bell Atlantic's
Chief Financial Officer, Mr. Salerno was Vice Chairman-Finance and
Business Development at NYNEX, a position he assumed in 1994. Mr.
Salerno had served as Vice Chairman of NYNEX and President-Worldwide
Services since March 1991. He joined New York Telephone in 1965 and was
elected Vice President in 1983, when he directed the divestiture of the
company from the Bell System. In 1985 he was promoted to Executive Vice
President and Chief Operating Officer of New England Telephone. In 1987
Mr. Salerno was appointed President and Chief Executive Officer of New
York Telephone. Mr. Salerno is a member of the Boards of AVNET, Inc.,
Bear Stearns Company, Inc., Viacom, Inc., and Manhattan College. He
received a Bachelor of Science degree in Electrical Engineering from
Manhattan College and a Master of Business Administration degree from
Adelphi University. Profile
Mr. Salerno: I see Verizon as a corporation that over the last five
years has transformed itself from a regional
