Verizon names former PayPal boss Dan Schulman as CEO
Verizon Communications on Monday named former PayPal boss Dan Schulman as its new CEO, replacing Hans Vestberg in a leadership transition aimed at steering the telecom giant through slowing growth in the wireless market.
The move comes at a time when Verizon is battling rising competition against the backdrop of slowing subscriber growth and cautious consumers unwilling to buy premium plans offered by wireless carriers.
