PayPal has recruited Intuit govt Alex Chriss as its new CEO and President, efficient September 27, 2023.
PayPal has been on the hunt for a brand new CEO that may assist steward the corporate into the subsequent section of its development amid ongoing modifications to the finance, funds, and crypto markets. The corporate selected Chriss, with the chief receiving unanimous help for the board of administrators.
“Together with his depth of expertise in product improvement, his ardour for serving clients and his longstanding dedication to empowering and enabling small companies, and his confirmed observe document of growing and galvanizing his workforce, Alex is the proper chief to take PayPal ahead and speed up the corporate’s development alternatives,” stated John Donahoe, Chair of the PayPal Board of Administrators. “The Board search committee labored diligently and totally to seek out the correct candidate to take PayPal into its subsequent stage of development and enlargement, and we’re assured Alex is that particular person.”
“On behalf of the Board, I additionally need to thank Dan Schulman for his excellent management throughout PayPal’s eight years of development as an unbiased firm. Dan made many main contributions to PayPal and helped set up the robust basis for the long run. Our Board and our management workforce are trying ahead to working with Alex to proceed to meet PayPal’s potential as one of many world’s main digital funds platforms and to increase the worth we create for our clients and shareholders,” Donahoe concluded.
“PayPal is a rare firm that performs a essential function within the lives of customers and retailers all around the world,” stated Alex Chriss, PayPal’s incoming President and CEO. “All through my profession, I’ve championed small and medium companies and entrepreneurs, who’re the spine of each financial system on the earth. I’m proud to take the baton from Dan and thrilled to have the chance to work with PayPal’s gifted and dedicated workforce to construct on PayPal’s exceptional historical past and draw on its distinctive capabilities to ship excellent services and products to companies and customers.”