PayPal appoints Alex Chriss as President and CEO

PayPal Holdings, Inc. (NASDAQ:PYPL) as we speak introduced that its Board of Administrators has appointed senior Intuit govt, Alex Chriss, as President and CEO, efficient September 27, 2023. Mr Chriss will even be a part of the Board on that date.

The appointment follows an intensive CEO search course of, carried out by the Board over the past variety of months, with the mandate to nominate a subsequent technology chief with in depth world funds, product, and expertise expertise, able to driving progress throughout the PayPal platform for years to return.

Mr Chriss joined Intuit 19 years in the past, serving in growing ranges of management throughout the corporate, together with creating Intuit’s Companion & Developer Platform, main the Self-Employed Options group after which serving because the Small Enterprise Group’s Chief Product Officer from 2017 to 2019. Throughout that point, he oversaw and carried out a number of strategic initiatives that remodeled companies inside Intuit into sustainable progress engines for the corporate.

“PayPal is a unprecedented firm that performs a essential position within the lives of shoppers and retailers everywhere in the world,” mentioned 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 planet. I’m proud to take the baton from Dan and thrilled to have the chance to work with PayPal’s proficient and dedicated group to construct on PayPal’s exceptional historical past and draw on its distinctive capabilities to ship excellent services to companies and shoppers.”