Who is Dan Schulman? Former PayPal boss replaces Hans Vestberg as Verizon CEO
Verizon’s board of directors named Dan Schulman, former CEO of PayPal, as its next CEO on Monday. Schulman succeeds Hans Vestberg, who has managed the corporation since 2018. The company’s shares fell almost 2% in morning trading.
Vestberg will continue to act as a special advisor until October 4, 2026, and on the board of directors through the 2026 annual meeting, according to Verizon, in order to facilitate a seamless transition and complete the acquisition of Frontier Communications.
