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Verizon Replaces CEO Vestberg With Former PayPal Chief Schulman

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Verizon announced today that CEO Hans Vestberg will be replaced “effective immediately” by former PayPal CEO and longtime telecom veteran Dan Schulman.

Vestberg’s new role will be as special advisor through Oct. 4, 2026, “during which time he will be focused on ensuring a smooth transition, including the integration with Frontier Communications,” expected in the first quarter of 2026, according to Verizon’s announcement. He will remain on the board of directors until its next annual meeting, likely…

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