Verizon appoints Dan Schulman as CEO; Hans Vestberg becomes Special Advisor through 2026

VERIZON COMMUNICATIONS INC

Dan Schulman, former PayPal CEO and Verizon Independent Lead Director, appointed CEO effective immediately.
Hans Vestberg steps down as CEO and Chairman, remains on Board until 2026 annual meeting; serves as Special Advisor through Oct 4, 2026.
Mark Bertolini elected Chairman of the Board.
Vestberg to focus on Frontier Communications acquisition integration and broadband strategy; Frontier deal expected to close Q1 2026.
Verizon reiterates full-year 2025 financial guidance; Q3 2025 earnings set for Oct 29, 2025.

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