Verizon names former PayPal boss Dan Schulman as new CEO, replacing Hans Vestberg

Core Points - Verizon appointed Dan Schulman, former CEO of PayPal, as the new CEO, replacing Hans Vestberg who led the company since 2018 [1] - Following the announcement, Verizon's shares experienced a slight increase [1] - Hans Vestberg will remain on the board of directors until the 2026 annual meeting and will serve as a special advisor until October 4, 2026, to ensure a smooth transition [2] - Mark Bertolini has been appointed as the chairman of Verizon's board of directors [2]