Verizon has officially named Dan Schulman, former CEO of PayPal, as its new chief executive. The announcement came on Monday, October 6, and takes effect immediately.

Schulman will take over leadership duties from Hans Vestberg, who has been at the helm of Verizon since 2018.

Vestberg, known for shaping Verizon's 5G strategy, will stay on as a special advisor through October 4, 2026.

He is expected to continue serving on Verizon's Board of Directors through the company's 2026 annual meeting.

Verizon's board chair, Mark Bertolini, praised the appointment. "Dan is a seasoned and decisive leader with a unique set of experiences, and a proven record of transformative leadership and operational excellence," Bertolini said.

"He is the right leader to chart Verizon's next phase of increase

See Full Page