CNBC: Verizon CEO McAdam departing GE board for time reasons

|By:, SA News Editor

Verizon (NYSE:VZ) CEO Lowell McAdam has resigned from the board at General Electric (NYSE:GE), CNBC reports.

He's leaving the panel because he's "no longer able to allocate the time necessary to continue," according to the report.

Shares in both companies are flat in after-hours trading so far.

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