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Story summary
- Dan Schulman is Verizon's new CEO, effective immediately; Hans Vestberg will serve as a special advisor until October 2026.
- Schulman aims to redefine Verizon's trajectory amid slowing growth and competition from AT&T and T-Mobile.
- The leadership change mirrors a similar move at T-Mobile, signaling broader industry changes.
- Vestberg oversaw Verizon's 5G launch and the $20 billion Frontier Communications acquisition.
