Daniel H. Schulman Appointed Chief Executive Officer of Verizon Communications Inc.

Verizon Communications Inc.has announced the appointment of Daniel H. Schulman, Independent Lead Director and former CEO of PayPal Holdings Inc., as its new Chief Executive Officer, effective immediately. This leadership transition marks a pivotal moment in Verizon’s journey toward enhanced customer focus, financial growth, and sector leadership.

Welcoming Schulman to the role, Bertolini stated: “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 brings a distinguished track record of financial and operational leadership across telecommunications, technology, and financial services. As CEO of PayPal, he led the company’s transformation into a global payments platform, tripling revenue from $8B to $30B, growing EPS five-fold, and adding hundreds of millions of users worldwide. His career includes senior roles at AT&T, Priceline, Virgin Mobile, and American Express, where he drove significant growth and innovation.

Having served on Verizon’s Board since 2018 and elected Lead Independent Director in December 2024, Schulman expressed his enthusiasm: “I believe in Verizon and its future. We have a clear opportunity to redefine our trajectory, grow market share, and deliver meaningful financial growth. I look forward to working with our teams, partners, and stakeholders to regain leadership across mobility and broadband.”