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After seeing wireless subscriptions decline while it’s raised rates and fees on its services, Verizon is responding–by changing CEOs.
The New York firm announced Monday that its board had named its former lead independent director, Dan Schulman, as its new CEO, replacing Hans Vestberg in that role.
Schulman, who worked as PayPal’s chief executive from 2015 to 2023, starts immediately, while Vestberg will move to a “Special Advisor” role through Oct. 4, 2026, focused on…
