Verizon Appoints Former PayPal Chief in Leadership Shakeup

In a strategic move that caught market observers by surprise, Verizon Communications announced Monday that former PayPal CEO Dan Schulman will immediately take the helm as the telecommunications giant’s new chief executive. The leadership transition sees Schulman replacing Hans Vestberg, who had guided the company since 2018.

The board’s decision prompted an immediate positive market response, with Verizon shares climbing 1.3% in premarket trading following the announcement. Investors appeared to welcome the change in direction for the company, signaling confidence in Schulman’s ability to steer Verizon toward renewed growth.

Schulman brings an impressive track record from his transformative tenure at PayPal, where he served as CEO from 2014 through 2023. During his nine-year leadership, he engineered remarkable growth at the... Read more...