Verizon has appointed Dan Schulman as its new CEO, taking over from Hans Vestberg amid increasing competition in the telecommunications market. Vestberg, who has led the company since 2018, will assist in the transition until October 2026, ensuring a smooth handover and the integration with Frontier Communications. This leadership change is significant as it reflects Verizon's strategy to adapt to market challenges and enhance its subscriber base.

Verizon has appointed Dan Schulman as its new CEO, taking over from Hans Vestberg, who will assist in the transition until October 2026. This leadership change is significant as it signals a new direction for the company, and Schulman's experience could bring fresh strategies to enhance Verizon's market position.