New York, Feb 5, 2026, 15:11 EST — Regular session
- Verizon shares ticked up roughly 0.4% in afternoon trading, bouncing between $46.46 and $47.56 during the session.
- Verizon announced that Sowmyanarayan Sampath, head of its consumer division, will leave by the end of Q1. Alfonso Villanueva has been appointed interim chief.
- Attention remains on execution within the consumer division following a January outage and renewed Washington concerns over telecom security
Verizon Communications Inc (NYSE: VZ) saw its shares tick up roughly 0.4% to $47.21 Thursday afternoon following news that Sowmyanarayan Sampath, head of its consumer division, is leaving the company. (Reuters)
This shift is crucial since Verizon’s consumer division is key to regaining customer trust and cutting the churn rate — the percentage of users jumping to competitors. The leadership swap happens right as CEO Dan Schulman is ramping up efforts to sharpen execution and boost service quality, not down the line.
Since late January, investors have shown a clear preference for Verizon, following the company’s upbeat forecast for 2026 profit and free cash flow that beat expectations. The telecom giant also announced a fresh share buyback program. Additionally, Verizon set ambitious targets to add between 750,000 and 1 million postpaid phone subscribers—those who pay monthly bills—after reporting a strong holiday quarter. (Reuters)
Sampath, who took charge of the consumer unit in March 2023, will stay on until March 31, Verizon confirmed. Alfonso Villanueva, the chief transformation officer, will step in as interim CEO of the Verizon Consumer Group.
The company informed employees it is “transforming Verizon to delight customers and deliver for our shareholders,” adding that “Our turnaround is only beginning.” (Verizon)
Schulman’s initial focus has been sharply on trimming costs and reshaping operations. Verizon plans to slash 13,000 jobs and turn 179 corporate-owned stores into franchises, aiming to standardize its sales and customer service approach.
Network reliability remains a hot issue. Last month, Verizon faced an outage lasting about 10 hours, knocking out calls, texts, and internet access for millions of customers. The disruption triggered an FCC probe and led to $20 credits for affected users.
Washington is ramping up pressure on another front: cybersecurity. Senator Maria Cantwell revealed this week that Verizon and AT&T are withholding security assessments tied to “Salt Typhoon,” an alleged Chinese espionage campaign targeting U.S. telecom networks. She called for a congressional hearing with the CEOs of both companies. (Reuters)
Competition remains fierce. AT&T and T-Mobile US are ramping up promotions, while the sector battles over bundles linking wireless service with home internet — a convergence play Verizon is aggressively marketing as it grows its fiber and fixed wireless networks.
Leadership changes can go either way. A shake-up in the consumer unit might quicken decision-making, or it could divert focus from day-to-day operations just as customers — and regulators — keep a close eye on the network.
Investors are now waiting to see if Verizon appoints a permanent consumer chief before Sampath leaves on March 31. The spotlight will then shift to first-quarter results due April 20, with the earnings call set for April 21, according to MarketScreener. (Marketscreener)
