Verizon Communications Inc., conceding it has fallen behind rivals in wireless and broadband service, replaced its chief executive officer of seven years, appointing a new leader with experience in telecom and financial technology.
Dan Schulman, 67, who became lead independent director in December, takes over immediately, Verizon said Monday, with a mandate to revive growth and improve the company’s fortunes. The former CEO of PayPal Holdings Inc., he replaces Hans Vestberg, 60, a former Ericsson AB executive who has led the company since 2018.
Dan Schulman
Photographer: Bryan van der Beek/Bloomberg
While still the largest US mobile carrier, Verizon has lost hundreds ...
