Verizon has officially named Dan Schulman, the former PayPal boss, as its new Chief Executive Officer, succeeding Hans Vestberg. This significant leadership transition comes as the company aims to navigate its next chapter of growth and address challenges including a lagging stock performance. Schulman, who previously held a pivotal role at PayPal, is expected to bring fresh perspectives to Verizon as it seeks to enhance its strategic direction. Vestberg will continue to support the company as a special advisor.