Summary
Verizon Communications Inc. (VZ) announced a significant addition to its Board of Directors with the immediate election of Daniel H. Schulman, President and CEO of PayPal Holdings, Inc. This appointment, effective September 6, 2018, brings a new executive with extensive experience in digital payments and technology to Verizon's oversight body. Mr. Schulman's role as a director means he will be subject to Verizon's standard compensation program for non-employee directors, as detailed in their March 19, 2018 proxy statement. While not yet assigned to any specific board committees, his appointment suggests a strategic focus by Verizon to leverage his expertise, potentially in areas related to digital transformation, customer engagement, and the evolving landscape of telecommunications and financial services.
Key Highlights
- 1Verizon Communications Inc. appointed Daniel H. Schulman as a new director to its Board.
- 2Daniel H. Schulman is also the President and CEO of PayPal Holdings, Inc.
- 3The election of Mr. Schulman to the Board is effective immediately as of September 6, 2018.
- 4Mr. Schulman will participate in the existing compensation program for non-employee directors.
- 5He has not yet been assigned to any Board committees.
- 6This appointment brings a high-profile executive with expertise in digital payments and technology to Verizon's leadership.