NEW YORK, June 22, 2015 /PRNewswire/ -- Fran Shammo, chief financial officer, Verizon Communications, today announced that Scott Krohn will join Verizon on July 6 as Treasurer, succeeding Matt Ellis, who was previously appointed to lead Finance in Verizon's Operations organization.

Before joining Verizon, Krohn was vice president - Tax and Treasurer at 3M Company, where for the last three years his areas of focus included capital structure strategy and execution, pension asset management, financial risk management, and more recently tax planning and governance. Prior to this, Krohn worked for almost 15 years at Ford Motor Company, where he held a number of finance leadership positions in the U.S. and overseas, with his most recent roles there focusing on financial strategy and debt capital markets.

"Scott's extensive knowledge and experience with financial models and markets are tremendous assets for the company," said Shammo. "I am certain he will build upon our strong financial performance to deliver value to shareholders."

Krohn will report to Shammo and be located in Basking Ridge, N.J.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with 108.6 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide. A Dow 30 company with more than $127 billion in 2014 revenues, Verizon employs a diverse workforce of 176,200. For more information, visit www.verizon.com/news/.

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SOURCE Verizon Communications Inc.