The company’s Independent Lead Director will assume the position immediately. He was CEO of PayPal from 2015-2023, and also has considerable experience of senior leadership within the telecoms industry.
Outgoing CEO Hans Vestberg will stay with the business until October 2026 to help with the transition.
Verizon reiterated it’s 2025 guidance., which points to wireless service revenue growth of 2.0-2.8% and underlying cash profit growth of 2.5-3.5%.
The shares fell 1.8% in early trading.
Our view
HL view to follow.
Verizon key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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