Verizon Communications Inc. Announces Chief Executive Officer Changes
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Verizon Communications Inc. has appointed Dan Schulman, former CEO of PayPal, as its new CEO effective October 6, 2025. Current CEO Hans Vestberg will transition to a Special Advisor role until October 4, 2026, focusing on the integration with Frontier Communications. Schulman, who has extensive experience in telecommunications and technology, previously led PayPal's transformation, significantly increasing its revenue and customer base. He has been on Verizon's Board since 2018 and was elected Lead Independent Director in December 2024.
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