Verizon announced today CEO Hans Vestberg Be replaced “Immediately effective” by the former PayPal CEO and long -time telecom veteran Dan Shulman.
According to the Verizon’s announcement, “Expected in the first quarter of 2026,” he will concentrate on ensuring a smooth transformation with Frontier Communications, “Vestberg’s new role will be a special advisor by October 4, 2026.” He will be on the board of directors until his next annual meeting, perhaps in May 2026. At the same time, Verizon named Mark Bortolini as chairman of the new board.
Shulman has been on the Verizan board since 2018. His recent post was PayPal’s CEO from 2014 to 2023. Earlier, his telecom experience included the location of AT&T, Virgin Mobile and Sprint Next.
The change in this leadership is changing the second major Wireless CEO within two weeks. Former T-Mobile Operating Officer Shrini Goplan has been named as the new CEO to take office from Mike Sarth 22 September. However, Sewart is still the CEO until November 1, when Goplan took the role. Sivet will continue as the Vice Chairman with T-Mobile and serve on its board of directors.
It is unclear why Verizon is now taking this sudden action after the end of the third financial quarters of 2025 and three weeks before the company’s income. Vestberg’s press release was not quoted in the announcement of his successor, leaving the traditional task of praising the outgoing executive’s record in the new famous chairman Bartolini announcement.
Verizon did not respond to any request for the comment.
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Former Verizon CEO Hans Vestberg presents the CES in 2022.
In June, I talked to the CEO of Verizan Consumer Group (who would think for the top role for the top role) on the company’s new Gemini-based Customer Service Initiative. I asked him in the first quarter of 2025, when the agency About 300,000 wireless customers lostAnd he credited as the “season of business”.
In The second quarter of 2025The varieties seemed to be balanced, but in different regions. It has lost 51,000 wireless postpaid customers, added 50,000 wireless prepaid customers and 278,000 broadband customers.
Jason Lee, a senior research manager of 5G, via an email near CNET, said Jason Lee, a senior research manager of the IDC research, “2025 is turning the tariff, a government cut, a Young labor market and a wireless industry for wireless industry.”
Verizon is also in the middle of the Frontier communication, which is expected to be closed in the first quarter of 2026. Federal Communication Commission Authorized to purchase In May 2025, but only after the Verizon agreed to finish its diversity, equity and inclusion (DII) programs.
Shulman has a record for the policy that is not in favor of the Trump administration, for example, when PayPal in 20 2016 North Carolina has stopped a planned expansion After the state passed a law, government buildings need to simply turn the bathrooms into a single-linen. In 2021, he spoke to the CNET after the murder of George Floyd by police.
Lee assumed that this step of the Verizon could be the first building block towards the development of 6G technology. “Everyone is still hunting for the conversion technique that is about to realize the innovative and financial promise of billions invested in 5G,” he added, “before going to Wallet to start the 6G deployment,” he said.