Verizon Names new CEO – Effective Immediately

Verizon has named Dan Schulman – former CEO at AT&T and Spring as their new CEO – effective immediately. Hans Vestberg will remain on the board – until at least 2026.

Verizon on Monday also announced that Mark Bertolini would be chairman of the company’s board of directors.

“The board is thrilled to have Dan as Verizon’s next CEO, and embark on a new chapter of growth and sector leadership,” Bertolini said in a statement. “Dan is a seasoned and decisive leader with a unique set of experiences, and a proven record of transformative leadership and operational excellence. He is the right leader to chart Verizon’s next phase of increased customer focus and financial growth.”

Schulman was also CEO at Paypal.