dan schulman was named chief executive of Verizon in a move reported by Reuters, after a career that included serving as PayPal president and CEO and leadership roles at American Express, Virgin Mobile, Sprint, Priceline and AT&T.
Born in Newark, New Jersey on January 19, 1958, he grew up in Princeton, New Jersey, has two siblings, earned a bachelor in economics from Middlebury College and an MBA from New York University Stern School of Business.
Schulman spent more than 18 years at AT&T, rose to its senior executive team and left as a company president, then served as Priceline chief executive where revenues reportedly rose from about $20 million to about $1 billion in two years.
In 2001 Richard Branson invited Schulman to become founding CEO of Virgin Mobile USA, which grew to more than 5 million customers and $1.3 billion in annual sales before its sale to Sprint Nextel, after which he led Sprint's prepaid group.
In September 2014 it was announced he would become PayPal CEO, where he said he aimed to serve the 70 million Americans underserved by the financial system and later introduced employee financial wellness programs and $500 interest-free advances for furloughed federal workers, as reported by CNBC.
He announced his intention to retire as PayPal CEO by year-end 2023 and remained on the board, and he was elected to the Verizon board in September 2018 and served on multiple corporate and nonprofit boards.
Roles Boards Recognition And Public Stances
In protest of North Carolina's Public Facilities Privacy and Security Act, Schulman denounced the law as discriminatory and announced PayPal would cancel plans to hire 400 people in the state, according to Money.com and the company statement cited by the Wall Street Journal.
He added his name to a letter urging Congress to act on DACA and later opposed the Trump administration visa ban on foreign workers, as reported by PayPal Government Relations and Reuters.
He served on boards including Verizon, NortonLifeLock and Rutgers, sat on the advisory committee of Greycroft Partners and the Singapore Economic Development Board, and is listed as a life member of the Council on Foreign Relations.
Recognition has included BusinessWeek naming him among the top 20 media figures, Ernst and Young Entrepreneur of the Year in 2009, Fortune mentions between 2017 and 2019, a Brennan Center legacy award and multiple industry honors, Rutgers records show.
