Verizon Communications Inc. (NYSE: VZ), the largest wireless carrier in the United States with over 146 million subscribers, was led by Hans Vestberg as Chairman and CEO from August 2018 to October 2025. A Swedish-born telecommunications veteran, Vestberg spent 25 years at Ericsson — including six years as CEO — before joining Verizon as Chief Technology Officer in 2017. Under his leadership, Verizon spearheaded the nationwide rollout of 5G technology, grew its fixed wireless access base to over 4 million subscribers, and completed the landmark acquisition of Frontier Communications. During his tenure, Verizon generated annual revenues exceeding $134 billion and maintained its position as the premier U.S. wireless network for coverage and reliability.

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Hans Vestberg – Quick Facts

Verizon Competitors

Verizon Communications operates in the highly competitive U.S. telecommunications industry. The company’s key competitors include:

• AT&T Inc. – third-largest telecom company globally by revenue; major wireless and fiber rival
• T-Mobile US – second-largest U.S. wireless carrier; aggressive 5G expansion post-Sprint merger
• Comcast Corporation (Xfinity Mobile) – largest U.S. cable operator; fast-growing MVNO on Verizon’s network
• Charter Communications (Spectrum Mobile) – second-largest U.S. cable company; MVNO wireless competitor
• Lumen Technologies – enterprise fiber and networking services competitor
• DISH Network / EchoStar – building an independent 5G Open RAN network
• Deutsche Telekom – parent of T-Mobile US; global telecom giant
• Cox Communications – regional cable and broadband competitor

Hans Vestberg Net Worth 2026 – Verizon CEO Salary

As of 2026, Hans Vestberg’s net worth is estimated at approximately $30–85 million USD, based on his disclosed Verizon stock holdings, stock options, and cumulative CEO compensation. Various financial tracking services report different estimates: GuruFocus estimates approximately $34.4 million based on reported shareholdings, while other sources estimate figures as high as $85 million when including historical earnings and other assets.

Verizon CEO Compensation Breakdown (FY2024)

Verizon Net Worth 2026 – Is Verizon Profitable?

Yes, Verizon Communications is a highly profitable company. Under Hans Vestberg’s leadership through most of FY2024, the telecom giant posted its strongest net income in years, with a 51% year-over-year increase.

Verizon Financial Summary (FY2024 / FY2025)

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Verizon CEO Email Address | Hans Vestberg Contact

Below are the contact details and social media profiles for former Verizon CEO Hans Vestberg:

Career & Education – Company, University, & College

Hans Vestberg built a distinguished career spanning over three decades in global telecommunications, holding leadership positions across four continents before reaching the top of the largest U.S. wireless carrier.

Hans Vestberg Career Timeline

Hans Vestberg began his career at Ericsson Cables in his hometown of Hudiksvall, Sweden, in 1991, immediately after graduating from university. Over the next 25 years, he rose through Ericsson’s ranks, gaining international experience in leadership positions spanning Sweden, China, Brazil, Mexico, Chile, and the United States.

He was instrumental in building Ericsson’s global services organization, which grew three-fold under his management. In 2007, he was appointed Chief Financial Officer, and in January 2010, he became CEO and President of Ericsson — the first CEO in the company’s history without an engineering background. As CEO, he led more than 115,000 employees as Ericsson transformed from a hardware-focused company to a software and services leader. He departed Ericsson in July 2016.

In April 2017, Vestberg joined Verizon Communications as Executive Vice President and Chief Technology Officer, overseeing the company’s network and technology strategy. On August 1, 2018, he succeeded Lowell McAdam as CEO, and was also named Chairman of the Board. During his seven years as CEO, Vestberg led Verizon’s 5G rollout, grew the fixed wireless access business from zero to over 5.7 million subscribers, and completed the acquisition of Frontier Communications. He stepped down on October 6, 2025, and was succeeded by Dan Schulman.

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Education

Hans Vestberg Wiki – Age, Wife, Family, & More

Former Verizon CEO Hans Vestberg (age 60, as of 2026) was born on June 23, 1965, in Hudiksvall, Sweden. He is married and has two children. Vestberg is famously private about his family life, and details about his wife and children are not widely publicized. He is known for a strict personal rule: no matter where in the world he is traveling, he makes sure to be home by 6 p.m. on Fridays, turning off his mobile phone and devices to spend the weekend with his family.

Personal Highlights & Recognitions

• Languages: Fluent in Swedish, English, Spanish, and Portuguese — reflecting his years of international leadership
• Athlete: An avid runner and former competitive team handball player in Sweden
• Forbes Top 20 Bosses: Named among the top 20 favorite bosses in America by Forbes during his Ericsson tenure
• World Economic Forum: Regular participant and speaker at WEF Davos
• Broadband Commission: Commissioner on the UN Broadband Commission for Sustainable Development
• Board Service: Served on the board of the UN Foundation and remains active in global development initiatives

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About Verizon Communications

Verizon Communications Inc. is an American multinational telecommunications conglomerate headquartered in New York City. The company was formed on June 30, 2000, through the merger of Bell Atlantic Corporation and GTE Corporation. The name “Verizon” is derived from the Latin word veritas (truth) and the English word horizon.

Verizon is the largest wireless carrier in the United States with approximately 146 million subscribers and the second-largest telecommunications company globally by revenue. The company operates one of the nation’s most extensive 4G LTE and 5G networks, covering approximately 70% of U.S. land area.

In addition to wireless services, Verizon provides Fios fiber-optic internet and TV, enterprise networking solutions through its Verizon Business division, and fixed wireless access broadband. Following the 2025 acquisition of Frontier Communications for approximately $20 billion, Verizon now serves over 16.3 million combined fixed wireless access and fiber broadband connections.

Verizon trades on the New York Stock Exchange under the ticker symbol VZ and is a component of the Dow Jones Industrial Average.

Frequently Asked Questions (FAQ)

Who is the current CEO of Verizon?

The current CEO of Verizon Communications is Dan Schulman, who was appointed on October 6, 2025. Schulman previously served as CEO of PayPal Holdings from 2014 to 2023, and had been a member of Verizon’s board of directors since 2018. He replaced Hans Vestberg, who served as CEO from August 2018 to October 2025.

What is Hans Vestberg’s net worth in 2026?

As of 2026, Hans Vestberg’s net worth is estimated at $30–85 million USD, based on his Verizon stock holdings, vested stock options, and accumulated compensation. He held shares in both Verizon Communications and BlackRock Inc., with estimates varying across financial tracking platforms.

What was Hans Vestberg’s salary as Verizon CEO?

Hans Vestberg’s total compensation for fiscal year 2024 was approximately $24.16 million, comprising a $1.5 million base salary, $3.86 million annual bonus, $18.0 million in stock awards, and $797,000 in other compensation. Over 93% of his pay was performance-based.

What is Verizon CEO’s email address?

Hans Vestberg’s email address at Verizon is [email protected]. He is also active on Twitter/X at @hansvestberg and on LinkedIn. For general inquiries, contact Verizon’s corporate headquarters at 1095 Avenue of the Americas, New York, NY 10036.

What did Hans Vestberg do before Verizon?

Before joining Verizon, Hans Vestberg spent 25 years at Ericsson, the Swedish telecom equipment giant. He served as Ericsson’s CEO and President from 2010 to 2016, leading over 115,000 employees globally. Earlier roles included CFO, President of Ericsson Mexico, and various regional leadership positions across Sweden, China, Brazil, and the United States.

Is Verizon a profitable company?

Yes, Verizon is highly profitable. In FY2024, the company reported net income of $17.5 billion on revenue of $134.8 billion, representing a 51% increase in net income year-over-year. In FY2025, revenue grew to $138.2 billion with net income of $17.2 billion and free cash flow of $20.1 billion.

Article last updated:January 2026March 2, 2026