New York, Feb 5, 2026, 20:57 (ET) — Market closed
- Shares of Verizon stayed near $47 as U.S. markets closed Thursday
- An SEC 8-K disclosed that consumer chief Sowmyanarayan Sampath is resigning but will remain as an advisor until late March
- Up next: checking if Verizon’s turnaround is picking up steam, along with U.S. jobs and inflation data due next week
Verizon Communications Inc (VZ) shares stayed near $47 on Thursday, barely budging after the company revealed that consumer chief Sowmyanarayan Sampath has stepped down. The stock last changed hands up just 0.1% at $47.10, with an intraday range of $46.46 to $47.56. An 8-K filing — which reports major developments to U.S. regulators — showed Sampath left his post on Feb. 4 but will remain an advisor to Verizon through March 27. QuoteMedia
Verizon’s biggest revenue driver is its consumer unit, so any top-level exits there send a strong message about how well the company’s execution is faring. The timing couldn’t be tougher, with Verizon trying to stem customer churn while revamping its sales, service, and repair functions.
CEO Dan Schulman called the moves part of a broader reset. “We are at a critical inflection point, improving our customer experience and bringing greater intensity to how we execute,” he said. Verizon will cut 13,000 jobs and turn 179 company-owned stores into franchises. These steps follow a 10-hour service outage last month that sparked an FCC investigation and led Verizon to offer $20 credits. Reuters
Villanueva, who joined Verizon in November to head its transformation office, will drive the “convergence” strategy—merging mobile service with home broadband into one package—while focusing on boosting customer experience. Schulman’s memo to employees said Sampath “agreed that now is the right time to step down.” Light Reading
The leadership shuffle comes with risks. David Barden, an analyst at New Street Research, called the rising uncertainty at the top “not a positive for the sector,” pointing out that Verizon still has major hurdles to clear in hitting its 2026 goals. Broadband Breakfast
Verizon is fighting to hold onto wireless subscribers in a market where aggressive promotions can flip growth from one quarter to the next. AT&T and T-Mobile US stand as its primary rivals. Traders are watching closely to determine whether this churn is confined to consumers or signals deeper changes in sales, pricing, and service strategies.
The risk is obvious: drawn-out handovers slow decision-making, while boosting marketing or discounts can strain cash flow. For a stock famous for hefty dividends, even a slight dip in service or execution tends to rattle investor confidence fast.
Investors are keeping a close eye on U.S. interest rates, aware that these shifts could hit telecom stocks known for their large dividends. Coming up next week: the January jobs report drops on Feb. 11, followed by January’s CPI inflation figures on Feb. 13. Both are slated for release at 8:30 a.m. ET, according to the Labor Department’s calendar. Bureau of Labor Statistics
