PayPal’s president and CEO Dan Schulman is stepping down at the end of the year.
In Brief:
After eight and a half years leading the payments giant, Schulman will resign on 31 December 2023
According to the company, its revenues almost tripled under Schulman’s leadership from $9.2bn in 2015 to $27.5bn in 2022, with active accounts more than doubling to more than 430m in 200 markets
He will continue to serve on the board of directors
What does this mean?
Dan has made an extraordinarily positive and lasting impact on PayPal and our people,” PayPal board chair John Donahoe said. “His decision to retire marks the end of a remarkable run that has seen impressive accomplishments in establishing PayPal as one of the world’s most trusted brands and as the leader in democratizing the management and movement of money.”
