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Fortune
Fortune
Sheryl Estrada

Why Verizon’s new CEO must partner with the CFO on a clear market strategy

Verizon Dan Schulman Hans Vestberg Scott Simmons Tony Skiadas United States PayPal Michael Hodel Frontier Communications Mark Bertolini
(Credit: Getty Images)

Good morning. There are more leadership changes in the Fortune 500, with Verizon’s CFO, Tony Skiadas, gaining a new strategic partner—Dan Schulman—as chief executive.

Verizon (No. 30) announced on Monday that its lead director, Schulman, most recently CEO of PayPal and formerly with AT&T and Virgin Mobile, is succeeding Hans Vestberg as Verizon’s CEO, effective immediately. The company reconfirmed its full-year 2025 guidance and postponed the release of its third-quarter earnings report to Oct. 29.

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