Verizon chairman and Oscar Health CEO Mark Bertolini told CNBC's "Squawk Box" that the telecom company's board "needed to act" with its leadership transition.
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Verizon
chairman Mark Bertolini said Thursday that the company’s new CEO, former PayPal
boss Dan Schulman, is working to revive Verizon
from its period of share losses under former CEO Hans Vestberg.
Former PayPal CEO Dan Schulman was announced as Verizon’s new chief executive on Oct. 6, 2025.
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