Verizon Communications extended the contract of its current CEO Daniel H. Schulman through December 31, 2028, with automatic one-year extensions thereafter unless either party provides 90 days’ notice. The amendment confirms compensation for 2028, including a long-term incentive award with a target value of at least $25 million and maintains base salary and target incentives. The moves are framed as leadership continuity as the company navigates ongoing transformation in the telecommunications sector, including investments in 5G and network evolution. Reports also indicate a separate board action extending another Verizon CEO, Ronan Kelly, through 2028, underscoring an emphasis on stable leadership across the company’s executive ranks. Taken together, the actions signal Verizon’s commitment to stable, long-term leadership and aligned, performance-based pay structures amid industry shifts.