Verizon’s chair and chief executive Hans Vestberg is stepping down from both roles with immediate effect in a leadership overhaul that will split the roles at the telecoms group. Dan Schulman will take on the role of CEO, while Mark Bertolini, former co-chief of hedge fund Bridgewater Associates, will chair Verizon’s board. Mr. Schulman led PayPal for nearly a decade before stepping down in 2023, steering the payments firm through its split from eBay and a surge in online transactions during the COVID pandemic. Mr. Vestberg, meanwhile, oversaw the $52bn purchase and clearing of key wireless C-Band spectrum in a 2021 auction and then negotiated with regulators and airlines over the deployment.
Verizon appoints former PayPal boss Dan Schulman as new chief
33 responses to “Verizon appoints former PayPal boss Dan Schulman as new chief”
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