Verizon replaces the CEO Vestberg with former Paypal President Shuelman

Verizon I announce this today CEO Hans Vestberg It will be replaced “Informed immediately” by the former CEO of PayPal and Dan Shuelman, the veteran in the field of communications for a long time.

The new role of Vestyburg will be a private consultant until October 4, 2026, “During this period, he will focus on ensuring a smooth transition, including integration with Frontier Communications”, expected in the first quarter of 2026, according to Verizon. He will remain a member of the board of directors until his next annual meeting, which is likely to happen in May 2026. At the same time, Verizon Mark Bartolini appointed a new chairman of the board of directors.

Choelman has been a member of the Verizon Company since 2018. His last position was the CEO of PayPal from 2014 to 2023. In the past, his experience in the field of communications included positions in AT & T.And Virgin Mobile and Sprinting Costal.

This leadership change is the second major change of the CEO of Wireless in two weeks. I appointed T-Mobile Operations Director Sirini Jubalan Its new executive on September 22, succeeding Mike Severt. However, Septert still holds the position of CEO until the first of November, when Joballan holds this position. Severt will continue with T Mobile As a deputy to its chairman and works on its board of directors.

It is not clear that Verizon has now suddenly, immediately after the end of the third fiscal quarter of 2025 and three weeks before the company’s profits were announced. Vestyburg was not mentioned in the press statement in which he announced his succession, which left the newly appointed president Bertolini the traditional task of praising the record of the outgoing executive director in the announcement.

Verizon did not respond to the comment.

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In June, I spoke with Sumanarayan SambathCEO of the Verizon group (which appears to be the expected alternative to the upper role), on the new Gemini Ai customer service initiative. I asked him about the first quarter of 2025 when it was the company I lost approximately 300,000 wireless customersHe attributed the fluctuation to the “season of work”.

in The second quarter of 2025Verizon appears to balance these numbers, but in various fields. It has lost 51,000 wireless payment clients, and has added 50,000 wireless and 278,000 bold customers.

“It seems that the year 2025 it will be a very strange year for the wireless industry with customs tariffs, government discounts, the volatile labor market, and general economic distress.”

Verizon is also in the middle of the Frontier Communications, which is expected to be closed in the first quarter of 2026. Federal Communications Committee Agree to the purchase In May 2025, but only after Verizon agreed to end diversity, equality and inclusion programs (Dei).

Choelman has registered in defending the policies that the Trump administration does not prefer, for example, when PayPal carried out in 2016 It stopped the planned expansion in North Carolina After the state issued a law, it obligates government buildings to make the baths designated for both sexes. In 2020, it is Talk to CNet After George Floyd was killed by the police.

It is speculated that the Verizon step could be the first building blocks towards developing 6G technologies. He said: “Everyone is still looking for this transformative strategy that will achieve the innovative and financial promise of billions invested in 5G,” adding, “Before the scattered enters the wallet to start financing 6G post operations.”