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Verizon names former PayPal boss Dan Schulman as CEO
Dan Schulman takes the helm to address slowing subscriber growth and intensifying competition in the U.S. wireless market, succeeding Hans Vestberg after seven years as CEO.
- On Monday, Verizon Communications named Dan Schulman as its new Chief Executive Officer, replacing Hans Vestberg effective immediately.
- Facing mounting competition from AT&T and T‑Mobile US, Verizon contends with slowing subscriber growth and cautious consumers resistant to premium wireless plans.
- Dan Schulman, 67, led PayPal Holdings, Inc. for nearly a decade and recently stepped down; he has held senior roles at AT&T, Priceline, Virgin Mobile and American Express and joined Verizon Board in 2018.
- Board governance changes include Mark Bertolini's election as chairman, and Vestberg will serve as special adviser through October 4, 2026 to support Frontier Communications integration.
- The change follows rival CEO moves, including at T‑Mobile US, and Vestberg's tenure featured heavy 5G network investments and media and enterprise diversification.
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Verizon taps former PayPal boss Dan Schulman to be CEO as telecom giant grapples with slowing growth
Verizon Communications on Monday named former PayPal boss Dan Schulman as its new chief executive officer, replacing Hans Vestberg in a leadership transition aimed at steering the telecom giant through slowing growth in the wireless market.
·New York, United States
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Verizon has a new CEO. Read Dan Schulman's first memo to employees
Former PayPal CEO Dan Schulman is now Verizon's CEO.Udo Salters/Patrick McMullan via Getty ImagesVerizon named former PayPal CEO Dan Schulman as its new chief executive, replacing Hans Vestberg.In a memo to employees, Schulman thanked Vestberg and laid out his initial vision for Verizon to "regain" its leadership.Schulman has previously held leadership positions at telecom companies AT&T, Virgin Mobile, and Sprint Nextel.There's a new leader at …
·United States
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Total News Sources40
Leaning Left10Leaning Right3Center10Last UpdatedBias Distribution44% Left, 43% Center
Bias Distribution
- 44% of the sources lean Left, 43% of the sources are Center
44% Left
L 44%
C 43%
13%
Factuality
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