Verizon Announces CEO Transition
Verizon Communications Inc. today announced that its Board of Directors has appointed Independent Lead Director and former Chief Executive Officer of PayPal Holdings Inc. Dan Schulman as CEO.
www.verizon.comHere’s the latest you need to know about Verizon’s CEO, based on recent official statements and major coverage:
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As of early 2026, Verizon announced a CEO transition. Dan Schulman, formerly PayPal’s CEO, was appointed as Verizon’s next chief executive, with Hans Vestberg moving to a transitional role until October 2026 [source: Verizon press release on the CEO transition]. This marks a formal leadership change aimed at steering the company through its Frontier integration and ongoing strategic initiatives [source: Verizon press release].
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Vestberg had been Verizon’s CEO and driving force behind the company’s 5G strategy and network investments. He agreed to serve as Special Advisor through the transition period and to remain on Verizon’s board through the 2026 annual meeting, as the board shifts leadership to Schulman [source: Verizon press release].
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The transition timeline includes Vestberg supporting a smooth handoff, including finalizing the Frontier acquisition integration, with Schulman taking over as CEO to execute Verizon’s growth strategy and customer-centric initiatives in the next phase [source: Verizon press release; related coverage].
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Prior coverage noted Vestberg’s role in leading 5G rollout and network investments, while noting market dynamics such as competitive pressure from other carriers and subscriber churn that Schulman’s leadership will need to address as part of the broader transformation [source: coverage articles on Vestberg’s tenure and market context].
If you’d like, I can pull the exact quotes from Verizon’s official press releases and summarize them in a brief timeline, or track ongoing developments and provide a concise update as new information is released.
Citations:
- Verizon announces CEO transition [Verizon press release, 2026-02-15][2]
- Verizon Announces CEO Transition (news release) [Verizon, 2025-10-05][3]
- Background on Hans Vestberg’s tenure and 5G strategy[2][3]
- Additional coverage of leadership shifts and market dynamics[6][9]