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New York-based Verizon, which provides local phone service in announced that Ivan who shared the title of CEO with Leesince 2000, will become sole CEO. Two years ago Bell Atlanti Corp. and GTE Corp. merged to form Verizon. Lee will retaij the title of chairman until he retireJune 30, as previously planned. In February, Verizoj announced it will move its regional headquartersz from Durhamto Tampa, Fla., and the companh will sell its Roxborop Road office with 160,000 square feet of Company officials insisted there are no immediate plansw to lay off any of Verizon's locakl workers.
Earlier this month, the companyu said it planed to reducd the equivalentof 10,000 jobs through variouws means, including attrition, cutting contract reductions in overtime and some layoffs. The company has about 247,00p0 employees nationwide - more than 1,000 of them in the
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