PayPal CEO Dan Schulman to leave at end of 2023, company begins search for successor

He will remain a member of Paypal's board of directors.

"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 statement. Dan Schulman, CEO of Paypal, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 10, 2019.PayPal said on Thursday that CEO and president Dan Schulman will retire and leave the company at the end 2023.

Schulman, who became PayPal CEO after the split from eBay in 2015, notified the company of his decision to retire at the end of December. He will remain a member of Paypal's board of directors."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 statement. "Together, we have reimagined financial services and e-commerce, and worked to improve the financial health of our customers.

PayPal shares jumped by about 130% since the 2015 spinoff. But the company has lost roughly three-quarters of its value since the stock's peak in July 2021.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Microsoft CEO Nadella calls AI-powered search biggest thing for company since cloud 15 years agoSatya Nadella said AI-powered search is the biggest thing to happen to the company in the nine years he's been CEO It's not AI, it's an advanced search engine, and it's programmed. AI thinks for itself, and is forward thinking. Quit calling it AI. When it has a bias as to whom, and what it can talk about is a program.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Zoom CEO Taking 98% Salary Cut as Company Lays off 1,300The company cuts come as economic uncertainty have shackled the once-booming video calling business, CEO Eric Yuan said. wow
Fonte: thedailybeast - 🏆 307. / 63 Consulte Mais informação »