Daniel H. Schulman Appointed Lead Director of Verizon
Daniel H. Schulman Takes on Lead Director Role at Verizon
In a significant development for Verizon Communications Inc. (NYSE, Nasdaq: VZ), the Board of Directors has elected Daniel H. Schulman as the new lead director. This decision took effect immediately, marking an important transition for the company. Schulman has had a distinguished presence on Verizon's Board since 2018 and is recognized for his pivotal role as the former President and CEO of PayPal Holdings, Inc.
Transition and Leadership Continuity
Schulman succeeds Clarence Otis, Jr., who has skillfully held the lead director position since 2019. Otis will remain an independent director, continuing to provide his invaluable insight to the Board. Verizon Chairman and CEO Hans Vestberg expressed gratitude for Otis's strategic vision, which played a crucial role in navigating the company through various milestones and enhancing customer offerings. Vestberg emphasized Schulman's track record in driving revenue growth and expanding market share through innovative, customer-focused solutions.
Schulman's Impactful Leadership Experience
In his last position as CEO of PayPal, Schulman was instrumental in transforming the way individuals worldwide manage and transfer money. His extensive career has involved holding high-level leadership roles across technology, telecommunications, and finance sectors. Schulman's experience is expected to greatly benefit Verizon, further solidifying its position as an industry leader.
Diverse Expertise on the Verizon Board
The current Verizon Board consists of 11 members, 10 of whom are independent. This diverse composition offers a wealth of perspectives and backgrounds, enriching the decision-making process for Verizon's management. Such diversity is vital as the company continues to innovate and adapt in the fast-paced telecommunications landscape.
About Verizon
Verizon Communications Inc. (NYSE, Nasdaq: VZ) is dedicated to powering the lives of millions, ensuring their customers can work, live, and connect seamlessly. The company is committed to meeting the demand for mobility and secure network connectivity. Based in New York City, Verizon serves a global audience, including nearly all Fortune 500 companies, and reported impressive revenues of $134.0 billion in the last year.
As a leader in innovation, Verizon continuously adapts to meet the evolving needs of its customers, positioning them for the future. To discover more about Verizon's services or find a retail location, customers can visit verizon.com/stores.
Media Inquiries
For media inquiries, please contact:
Katie Magnotta
201-602-9235
katie.magnotta@verizon.com
Frequently Asked Questions
Who is the newly elected lead director of Verizon?
Daniel H. Schulman has been elected as Verizon's lead director.
What was Daniel Schulman's previous position before joining Verizon?
Schulman was the President and CEO of PayPal Holdings, Inc.
Who did Daniel Schulman succeed as lead director?
He succeeded Clarence Otis, Jr., who will remain an independent director.
What is the focus of Verizon Communications Inc.?
Verizon focuses on delivering reliable connectivity, mobility, and security to its customers worldwide.
What were Verizon's revenues last year?
Verizon generated revenues of $134.0 billion in the previous fiscal year.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.