Verizon Announces Change in Investment Management Leader

August 26, 2010 ( - Bill Heitmann, Verizon's senior vice president-finance, will retire from Verizon effective at the end of this year.

According to a press release, Heitmann has been responsible for leading Verizon Investment Management Corp. and its investment program of approximately $55 billion of assets. He also serves as chairman of Verizon Capital Corp., the company’s financing subsidiary.  

Ron Lataille, who currently serves as senior vice president–Investor Relations, will succeed Heitmann, and John Doherty, currently chief financial officer for Verizon Services Operations (VSO), will succeed Lataille.  Their appointments are effective September 2.    

Both Doherty and Lataille have held a variety of leadership positions at Verizon and other organizations.