Verizon has a new CEO. Read Dan Schulman's first memo to employees

Core Insights - Verizon has appointed Dan Schulman as its new CEO, succeeding Hans Vestberg, who held the position since 2018 [1][2] - Schulman has extensive experience in the telecommunications industry, having previously served as CEO of Virgin Mobile and held senior roles at AT&T and Sprint Nextel [2][3] - His notable tenure at PayPal saw the company's revenue grow from $8 billion to $30 billion, highlighting his capability in driving financial growth [3] Leadership Transition - Schulman has been on Verizon's Board of Directors since 2018 and was the Lead Independent Director before his appointment as CEO [1][2] - Vestberg is credited with creating a strong network and innovative culture at Verizon, including significant investments in 5G and broadband expansion [8] Vision and Strategy - Schulman emphasizes the importance of regaining leadership in both mobility and broadband markets, aiming to grow market share and exceed financial expectations [11] - He highlights the competitive advantage of Verizon's team and the need to focus on customer trust and satisfaction [12] - The company aims to finish Q4 strong and build momentum for 2026, indicating a forward-looking growth strategy [12]