Verizon Names Former PayPal Boss Dan Schulman as New CEO, Replacing Hans Vestberg

"Verizon Communications Inc. made a surprise announcement on Monday, naming Dan Schulman, the former PayPal CEO, as its new CEO. Schulman, 67, replaces Hans Vestberg, who led the company since 2018. Vestberg will stay on until October 4, 2026, to ensure a smooth transition, including the integration with Frontier Communications.
In a statement, Mark Bertolini, Verizon's chairman, praised Schulman's 'seasoned and decisive leadership' and 'unique set of experiences.' As Schulman takes the reins, investors are watching closely, as shares of the company sank roughly 2% in morning trading.
Schulman's appointment marks a significant shift at Verizon, which is looking to drive growth and sector leadership. With his proven track record at PayPal, Schulman is poised to bring his expertise to the table. 'The board is thrilled to have Dan as Verizon's next CEO,' Bertolini said. 'Dan is a seasoned and decisive leader with a unique set of experiences, and a proven record of transformation and growth.'
As Schulman embarks on this new chapter, one thing is clear: the future of Verizon is in good hands. But what's next for the company, and how will Schulman's leadership shape its trajectory? Only time will tell.",
"tags": ["verizon", "dan schulman", "hans vestberg", "paypal", "frontier communications"]
}