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Holyce E. Hess Groos

Holyce E. Hess Groos
Senior Vice President and Treasurer
Verizon Communications

Holly Hess Groos is senior vice president and treasurer for Verizon. In this role, which she assumed on Oct. 12, 2009, she is responsible for corporate-wide financing activities, cash management and pension and insurance activities. She brings nearly 20 years experience in telecommunications and finance to this role.

Previously, Hess was senior vice president and chief financial officer of Verizon Business, responsible for the company's global controller, financial analysis and planning, auditing, tax, treasury, revenue assurance, business strategy and development, and contract and pricing organizations.

Before that, Hess was vice president-Finance and chief financial officer for Verizon Services. In these roles, Hess led an organization focused on improving customer service, driving efficiencies and reducing operating costs across all of Verizon’s business units. She was responsible for finance operations and customer financial services as well as overall financial support for Verizon Services. Hess was appointed to these roles in October 2005.

In addition, Hess was vice president-Finance for Verizon Wireless’ Northeast Area. She had responsibility for financial planning and analysis, revenue assurance, inventory, compliance, and customer financial services. In addition, Hess oversaw financial operations in the area’s five regions (New England, Upstate New York, New York, Philadelphia and Washington/Baltimore/Virginia). Hess was appointed to this role in April 2000.

Prior to this, Hess worked as executive director-Finance for Bell Atlantic Mobile’s New York metro region. Earlier she served as director-Financial Planning and director-Mergers and Acquisitions at NYNEX Corporation.

Hess began her telecommunications career in 1990 as a controller for NYNEX Computer Services. Hess has also worked as a senior auditor at Price Waterhouse and Deloitte and Touche.

She holds a bachelor’s degree in accounting from the Miami University of Ohio and is a certified public accountant.

October 2009

Nov 20, 2009 4:00 pm
NYSE: VZ 30.43 -0.09
VZ Financial Express
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