Verizon Communications Inc. has appointed Dan Schulman as the new chief executive officer. His role takes effect immediately, succeeding Hans Vestberg, who will remain with the company until October 4, 2026. This transition aims to ensure seamless leadership and integration with Frontier Communications.
Leadership Change at Verizon
Dan Schulman, 67, previously served as CEO of PayPal Holdings Inc. His extensive experience in the tech industry positions him well to lead Verizon through its next chapter. Hans Vestberg, 60, the outgoing CEO, is set to assist during the transition period.
Key Details of the Transition
- New CEO: Dan Schulman
- Previous CEO: Hans Vestberg
- Transition Effective Date: Immediately
- Vestberg’s Transition Period: Until October 4, 2026
- Focus: Integration with Frontier Communications
This leadership change marks a significant moment for Verizon as it navigates the evolving telecommunications landscape. Schulman’s appointment is expected to bring fresh perspectives and strategies to the company.
