Story perspectives
Verizon Appoints Dan Schulman as New CEO Amid Stock Drop
10/9/2025
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Story summary
- Verizon named Dan Schulman, former PayPal CEO, as its new chief executive, effective immediately, replacing Hans Vestberg.
- Schulman will push better customer experience and faster financial growth amid rising wireless competition.
- Vestberg will serve as advisor through October 2026, remain on the board, and help integrate Frontier.
- Verizon stock fell 3% after the announcement, signaling market concerns about leadership changes.
