Verizon’s CEO Hans Vestberg steps down, former PayPal CEO Dan Schulman takes the helm. Schulman to lead Verizon effective immediately, Vestberg to stay on as special adviser until 2026. Schulman elected lead independent director in December 2024, with a proven record of transformative leadership. Verizon raised annual profit forecast to $2 billion in July, focusing on internet services to compete with rivals. Schulman tripled PayPal’s revenue from $8 billion to $30 billion, advocating for a more inclusive capitalism. Schulman balanced retirement with board positions and ranching in Montana before taking the lead at Verizon.

Read more at Yahoo Finance: Hans Vestberg out, new CEO Dan Schulman runs a ranch and wears cowboy boots