 On September 20, 2010, parent company Verizon Communications announced he would be president and COO beginning October 1, 2010, succeeding Ivan Seidenberg.He was made chairman of Verizon Communications on January 1, 2012, and its CEO on August 1, 2011.In June 2018, Verizon announced that McAdam would retire from his role as CEO on August 1, 2018, remaining executive chairman through the end of the year.