Verizon announced its CEO change in a news release on Monday, Oct. 6, saying the transition is taking place immediately.

As Dan Schulman takes over, the telcom’s current chief, Hans Vestberg, will serve as a special adviser through Oct. 2026.

Verizon announced today that CEO Hans Vestberg is being replaced, "effective immediately," by former PayPal CEO and longtime telecom vet Dan Schulman.

Verizon (VZ) is hoping its new boss can rewire its business. The telecom giant named former PayPal (PYPL) CEO Dan Schulman as its next chief executive on Monday, effective immediately. “The Board is ...

Verizon Communications Inc. named former PayPal head Dan Schulman, who was serving as Independent Lead Director as the Chief Executive Officer of the company with immediate effect. “The Board is ...