Connect with us

Technologies

Verizon Replaces CEO Vestberg With Former PayPal Chief Schulman

The carrier gets a new CEO and board chairman on the same day, fueling speculation: Why now?

Verizon announced today that CEO Hans Vestberg will be replaced «effective immediately» by former PayPal CEO and longtime telecom veteran Dan Schulman.

Vestberg’s new role will be as special advisor through Oct. 4, 2026, «during which time he will be focused on ensuring a smooth transition, including the integration with Frontier Communications,» expected in the first quarter of 2026, according to Verizon’s announcement. He will remain on the board of directors until its next annual meeting, likely happening in May 2026. At the same time, Verizon named Mark Bertolini as the new board chairman.

Schulman has been on Verizon’s board since 2018. His most recent post was CEO of PayPal from 2014 to 2023. Previously, his telecom experience included positions at AT&T, Virgin Mobile and Sprint Nextel.

This leadership change is the second major wireless CEO shuffle in two weeks. T-Mobile named former Chief Operating Officer Srini Gopalan its new CEO on Sept. 22, taking over from Mike Sievert. However, Sievert is still CEO until Nov. 1, when Gopalan assumes the role. Sievert will continue with T-Mobile as vice chairman and serve on its board of directors.

It’s unclear why Verizon is making this abrupt move now, just after the end of the third financial quarter of 2025 and three weeks before it releases earnings for the company. Vestberg is not quoted in the press release announcing his succession, leaving newly named chairman Bertolini the traditional task of praising the outgoing executive’s record in the announcement.

Verizon did not respond to a request for comment.


Don’t miss any of our unbiased tech content and lab-based reviews. Add CNET as a preferred Google source.


In June, I spoke with Sowmyanarayan Sampath, CEO of Verizon’s consumer group (who would seem to be the expected replacement for the top role), about the company’s new Gemini AI-based customer service initiative. I asked him about the first quarter of 2025, when the company lost nearly 300,000 wireless customers, and he credited the fluctuation to «the seasonality of the business.»

In the second quarter of 2025, Verizon seemed to balance those numbers, but in different areas. It lost 51,000 wireless postpaid customers, added 50,000 wireless prepaid customers and 278,000 broadband customers.

In an email to CNET, Jason Leigh, senior research manager of 5G and mobility research at IDC, said, «2025 is shaping up to be an epically weird year for the wireless industry with tariffs, government cuts, yo-yoing labor market, and general economic malaise.»

Verizon is also in the middle of acquiring Frontier Communications, which is expected to close in the first quarter of 2026. The Federal Communications Commission approved the purchase in May 2025, but only after Verizon agreed to end its diversity, equity and inclusion (DEI) programs. 

Schulman has a record of standing up for policies not favored by the Trump administration, for example, when PayPal in 2016 stopped a planned expansion in North Carolina after the state passed a law requiring government buildings to make bathrooms single-sex only. In 2020, he spoke to CNET following the killing of George Floyd by police.

Leigh speculated that Verizon’s move could be the first building blocks toward developing 6G technologies. «Everyone is still hunting for that transformative strategy that is going to realize the innovative and financial promise of the billions invested in 5G,» he said, adding, «before the crowbar goes into the wallet to start funding 6G deployments.»

Technologies

Verum Messenger: Don’t follow the future. Define it

Verum Messenger: Don’t follow the future. Define it

In a world where information defines influence, Verum Messenger is building a new architecture of digital communication — intelligent, secure, and ready for tomorrow. Here, technology serves not limitations, but possibilities.

Not being part of change. Leading it. Verum Messenger — the future that speaks first.

Continue Reading

Technologies

Verum Finance: Stop Spending Months Opening a Bank Account

Verum Finance: Stop Spending Months Opening a Bank Account

Stop spending months trying to open a bank account.

Document submissions.
Checks.
Rejections.
Account freezes.
Blocks without explanation.

And all of that — just for a regular card.

With Verum, it’s different.

🚀 Verum Messenger + Verum Finance
For just $50–70 you get:

✔ A virtual card
✔ Instant transfers between users
✔ A modern secure messenger
✔ Apple Pay integration
✔ Contactless payments worldwide
✔ Fast setup without bureaucracy

❌ No European residency permit required
❌ No endless verification checks
❌ No piles of documents

Open it — and use it.

The future of finance and communication is already here.
Verum — when freedom matters more than banking rules.

Continue Reading

Technologies

Google races to put Gemini at the center of Android before Apple’s AI reboot

Google is using its latest Android rollout to position Gemini as the AI layer across phones, Chrome, laptops and cars.

Google is using its latest Android rollout to make Gemini less of a chatbot and more of an operating layer across the phone, browser, car and laptop, just weeks before Apple is expected to show its own Gemini-powered Apple Intelligence reboot at WWDC.
Ahead of its Google I/O developer conference next week, the company previewed a number of Android updates, including AI-powered app automation, a smarter version of Chrome on Android, new tools for creators, a redesigned Android Auto experience, and a sweeping set of new security features.
Alphabet is counting on Gemini to help Google compete directly with OpenAI and Anthropic in the market for artificial intelligence models and services, while also serving as the AI backbone across its expansive portfolio of products, including Android. Meanwhile, Gemini is powering part of Apple’s new AI strategy, giving Google a role in the iPhone maker’s reset even as it races to prove its own version of personal AI on the phone is further along.
Sameer Samat, who oversees Google’s Android ecosystem, told CNBC that Google is rebuilding parts of Android around Gemini Intelligence to help users complete everyday tasks more easily.
“We’re transitioning from an operating system to an intelligence system,” he said.
As part of Tuesday’s announcements. Google said Gemini Intelligence will be able to move across apps, understand what’s on the screen and complete tasks that would normally require a user to jump between multiple services. That means Android is moving beyond the traditional assistant model, where users ask a question and get an answer, and acting more like an agent.
For instance, Google says Gemini can pull relevant information from Gmail, build shopping carts and book reservations. Samat gave the example of asking Gemini to look at the guest list for a barbecue, build a menu, add ingredients to an Instacart list and return for approval before checkout.
A big concern surrounding agentic AI involves software taking action on a user’s behalf without permissions. Samat said Gemini will come back to the user before completing a transaction, adding, “the human is always in the loop.”
Four months after announcing its Gemini deal with Google, Apple is under pressure to show a more capable version of Apple Intelligence, which has been a relative laggard on the market. Apple has long framed privacy, hardware integration and control of the user experience as its advantages.
Google’s Android push is designed to show it can bring AI deeper into the device experience while still giving users control over what Gemini can see, where it can act and when it needs confirmation.
The app automation features will roll out in waves, starting with the latest Samsung Galaxy and Google Pixel phones this summer, before expanding across more Android devices, including watches, cars, glasses and laptops later this year.
The company is also redesigning Android Auto around Gemini, turning the car into another major surface for its assistant. Android Auto is in more than 250 million cars, and Google says the new release includes its biggest maps update in a decade and Gemini-powered help with tasks like ordering dinner while driving.
Alphabet’s AI strategy has been embraced by Wall Street, which has pushed the company’s stock price up more than 140% in the past year, compared to Apple’s roughly 40% gain. Investors now want to see how Gemini can become more central to the products people use every day.
WATCH: Alphabet briefly tops Nvidia after report of $200 billion Anthropic cloud deal

Continue Reading

Trending

Copyright © Verum World Media