Verizon(US:VZ) MINT·2025-10-06 15:34Core Insights - Verizon Communications Inc. has appointed Dan Schulman, former head of PayPal, as the new Chief Executive Officer effective immediately, marking a new chapter for the company [1] - The Board expressed confidence in Schulman's leadership abilities to drive customer focus and financial growth [2] Leadership Background - Dan Schulman has been a member of Verizon's board since 2018 and has over four decades of experience in leadership roles at various companies including PayPal, American Express, and AT&T [3] - He is recognized for his commitment to global financial inclusion and is a life member of the Council on Foreign Relations [3] Education and Personal Interests - Schulman holds a BA from Middlebury College and an MBA from New York University's Leonard N. Stern School of Business, and he is also passionate about mixed martial arts [4] Awards and Recognition - Schulman has received numerous accolades, including being named one of Fortune's top 20 Businesspersons of the Year and securing third place in Fortune's list of the World's Greatest Leaders in 2021 [5][6] Vision as CEO - In his statement, Schulman emphasized Verizon's critical juncture and the opportunity to redefine its trajectory by increasing market share and improving key financial metrics [7] - He aims to maximize value propositions, reduce service costs, and optimize capital allocation to enhance customer satisfaction and ensure sustainable long-term growth for shareholders [7]