Verizon Names Dan Schulman to Succeed Vestberg as CEO

Core Insights - Verizon is facing growth challenges and has been trailing behind AT&T for several quarters, prompting a leadership change to address these issues [1][2] - Dan Schulman, previously CEO of Virgin Mobile and with extensive experience at AT&T, has been appointed as the new CEO to bring a fresh perspective [2][5] - The decision to not appoint Sampath, who was expected to be the next CEO, surprised the market, indicating a shift in strategy [3][4] Company Strategy - The board's decision reflects a desire for a new approach, as previous efforts to revitalize growth have not yielded positive results [4][5] - Schulman's background in consumer finance at American Express and PayPal suggests that Verizon may explore adjacent markets to stimulate growth in the future [5]