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Dan Schulman

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business3 months ago

Verizon Appoints Dan Schulman as New CEO

Verizon has appointed former PayPal CEO Dan Schulman as its new CEO, replacing Hans Vestberg, who will remain on the board until 2026. Schulman, known for significantly growing PayPal, aims to lead Verizon through a phase of growth and sector leadership, while the company continues its acquisition of Frontier Communications to expand its broadband network. Shares dipped slightly following the announcement.