The leadership shake-up comes as Verizon pursues a $20 billion acquisition of Frontier Communications.
Dan Schulman, former CEO of PayPal, speaks at the Viva Technology event dedicated to start-up development, innovation and digital technology, in Paris, on June 16, 2017. Geoffroy Van Der Hasselt/AFP via Getty Images
Verizon Communications has appointed Dan Schulman, the former chief executive of PayPal Holdings, as its new CEO, the company said in a statement on Oct. 6.
Schulman succeeds Hans Vestberg, who will remain at Verizon Communications in an advisory role during a two-year transition period.
Evgenia Filimianova
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Evgenia Filimianova is a UK-based journalist covering a wide range of international stories, with a particular interest in foreign policy, economy, and UK politics.
