Verizon Appoints Dan Schulman as New CEO, Shares Dip Amid Leadership Transition
Verizon Appoints Dan Schulman as New CEO, Shares Dip Amid Leadership Transition Verizon announced a significant leadership overhaul on Monday, appointing former PayPal CEO Dan Schulman as its new Chief Executive Officer. Schulman takes the helm from Hans Vestberg, who has led the telecommunications giant since 2018. Following the announcement, Verizon’s shares experienced a roughly 4% drop in midday trading. Vestberg will remain a pivotal figure during the transition, serving on the board of directors until the 2026 annual meeting…