Verizon’s Shake-Up Signals Tougher Competition for New Customers
A Verizon store in New York.
Photographer: Gabby Jones/BloombergThe competition for new mobile-phone and broadband customers is about to get a lot nastier.
Verizon Communications Inc. on Monday abruptly replaced its chief executive officer of seven years, Hans Vestberg, and handed the job to lead director Dan Schulman, a veteran telecom executive who was most recently CEO of PayPal Holdings Inc.