On October 4, 2025, Verizon's Board of Directors appointed Daniel H. Schulman as Chief Executive Officer, effective immediately, and Hans E. Vestberg stepped down as Chairman and Chief Executive Officer.

1. 01

   On October 4, 2025, Verizon's Board of Directors appointed Daniel H. Schulman as Chief Executive Officer, effective immediately, and Hans E. Vestberg stepped down as Chairman and Chief Executive Officer.

2. 02

   Schulman is 67 years old and has served on Verizon's Board of Directors since 2018, serving as Independent Lead Director from December 2024. His compensation as Chief Executive Officer will be determined at a future date and disclosed in an amendment to Form 8-K.

3. 03

   The company said Vestberg will serve as Special Advisor from October 4, 2025 through October 4, 2026, advising on the integration of the Frontier Communications acquisition, and will remain on the Board of Directors for the remainder of his current term. He will continue to receive base salary and will remain eligible for an award under the 2025 short-term incentive program.

4. 04

   Verizon appointed Mark Bertolini as Chairman of the Board of Directors. The company reiterated its previously provided financial guidance for full-year 2025 and will report Q3 2025 earnings on October 29, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.