Intuit's Alex Chriss named new PayPal CEO
Chriss will take over for PayPal's longtime CEO Dan Schulman beginning Sept. 27th. Schulman had previously announced a plan to step down from the role by the end of the year. He will remain a director at the company until May 2024.
"I am proud to take the baton from Dan and thrilled to have the opportunity to work with PayPal's talented and committed team to build on PayPal's remarkable history and draw on its unique capabilities to deliver outstanding products and services to businesses and consumers," Chriss said in aPayPal's board said Chriss was chosen for the role out of a pool of nine candidates. The selection process began back in February.
Members of the board also met with more than 20 investors, including activist investor Elliott Management, while conducting the search for the new CEO. Last summer, Elliott Management accumulated an undisclosedSchulman became PayPal's CEO after the split fromin 2015, and he notified the company of his decision to retire at the end of December last year.
"I'm proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day," Schulman said in a
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PayPal to roll out Cryptocurrencies Hub for select users🧐 PayPal TnC reveals the new Cryptocurrenies Hub - a system that will facilitate everything crypto on PayPal
Read more »
What we learned as Cobb, Giants roughed up in loss to RangersAlex Cobb and the Giants were blown out in a second consecutive loss to the Rangers.
Read more »
IndyCar Star Alex Palou Seemingly Spurns McLaren For Ganassi, Drama EnsuesBoth McLaren racing boss Zak Brown and Chip Ganassi himself have shared strong words about Palou's expected choice, while the driver's management team has very publicly split with him.
Read more »
Multiple Phillies ejected for arguing Alex MacKay’s questionable strike zoneAlec Bohm angrily threw his bat on the ground before looking back at the umpire and slamming his helmet down.
Read more »
YouTube Is Dangerous as Hell. But We Still Need It.Commentary: Filmmaker Alex Winter writes about his new documentary 'The YouTube Effect,' which explores the harmful influence of the video-sharing platform.
Read more »