Verizon Communications Inc.
Verizon Appoints Dan Schulman as New CEO
Summary
Verizon Communications Inc. announced on October 4, 2025, that its Board of Directors appointed Dan Schulman as Chief Executive Officer, effective immediately. Schulman, former CEO of PayPal Holdings, Inc., will be taking over from Hans E. Vestberg, who will serve as Special Advisor through October 4, 2026. The company also reiterated its financial guidance for full-year 2025. A press release was issued on October 6, 2025, providing further details.
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About Verizon Communications Inc.
Verizon Communications Inc. is a leading telecommunications company that provides a wide array of communication services and products in the United States and globally. As a major player in the telecommunication industry, Verizon's primary function is to deliver wireless communications, broadband, and fiber optic services, aiming to keep people connected across various platforms. The company’s notable features include its extensive 5G and fiber optic network infrastructure, which significantly impacts sectors like technology, media, and consumer communications. It offers services to individual consumers, businesses, and government entities through various channels, including its retail stores and online platforms. Headquartered in New York City, Verizon is crucial in driving innovation in communication technologies and maintaining robust network solutions to meet growing data demands. Its influence extends beyond traditional telecommunication, also impacting emerging fields such as Internet of Things (IoT) and smart cities, helping to shape the future of connectivity.
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