Verizon names former PayPal boss Dan Schulman as new CEO, replacing Hans Vestberg
1. Dan Schulman appointed as Verizon's new CEO, replacing Hans Vestberg. 2. Schulman's leadership at PayPal could influence investor perceptions. 3. Verizon shares increased slightly post-announcement, indicating positive sentiment. 4. Vestberg remains on the board until 2026, ensuring continuity. 5. Verizon acquires Frontier Communications, expanding its market presence.