Dan Schulman
-
Verizon Chairman Mark Bertolini: Board Intervention Needed for Company Revival
Verizon, facing market share decline, has appointed Dan Schulman as CEO to lead a strategic reset. Chairman Mark Bertolini cites increased competition and commoditization of 5G as key challenges. Schulman, formerly of PayPal, is evaluating cost structures and operational efficiencies to develop a new strategy. The focus will be on enhancing value for customers beyond price competition. Analysts anticipate initiatives to improve customer retention, expand into new markets, and optimize capital allocation as Verizon strives to regain its market leadership.
