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Oct 6, 2025 12:10 PM

Verizon Shares Slide, Ex-PayPal CEO Takes Over As CEO

Verizon Communications Inc. (NYSE:VZ) shares are trading lower on Monday following news of the chief executive officer transition.

The company’s board of directors appointed Dan Schulman, the former CEO of PayPal Holdings Inc. (NASDAQ:PYPL), as CEO, effective immediately.

Schulman will replace Hans Vestberg, who will serve as special advisor through Oct. 4, 2026.

Find out more about how VZ stock is doing here.

Schulman brings broad leadership experience across telecom, tech and finance. ...