PayPal (PYPL) announced that its Board of Directors has appointed senior Intuit (INTU) executive, Alex Chriss, as President and CEO, effective September 27. Chriss will also join the Board on that date. The appointment follows a thorough CEO search process, conducted by the Board over the last number of months, with the mandate to appoint a next generation leader with extensive global payments, product, and technology experience, capable of driving growth across the PayPal platform for years to come. Chriss has the unanimous support of the Board and its CEO search committee following extensive engagement and evaluation across all of the key metrics that are critical to PayPal’s future success. Schulman will remain on the board of the company until its next annual meeting of stockholders in May 2024.
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