Alex Chriss Appointed as the Upcoming President and CEO of PayPal
%20(1).jpg "Alex Chriss Appointed as the Upcoming President and CEO of PayPal") |
| Alex Chriss Appointed as the Upcoming President and CEO of PayPal (Image Source: prnewswire.com) |
This decision stems from an extensive CEO selection process, carried out over several months by the Board, aiming to identify a forward-looking leader with a strong background in global payments, product development, and technology, capable of steering PayPal's growth trajectory for the long term.
The Board and the CEO search committee unanimously endorse Chriss, having assessed a comprehensive set of metrics crucial to PayPal's future achievements.
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Chriss brings with him a wealth of experience as a successful business executive, with a deep understanding of technology and product management.
Since January 2019, he has held the position of Executive Vice President and General Manager of Intuit's Small Business and Self-Employed Group, responsible for over 50% of Intuit's revenue.
Currently a member of Intuit's executive leadership team, Chriss has led a global workforce responsible for bringing QuickBooks and Mailchimp to millions of users worldwide.
Under his leadership, the business units he supervised at Intuit have become leading platforms for driving customer growth for small and mid-market enterprises, empowering them to manage and expand their businesses confidently.
During his tenure leading the Small Business segment, customer and revenue growth experienced impressive compound annual growth rates of 20% and 23%, respectively.
Notably, in 2021, Chriss played a key role in Intuit's successful $12 billion acquisition of Mailchimp, significantly expanding the company's platform capacity and customer base.
Alex Chriss has been an integral part of Intuit for nearly two decades, progressively taking on leadership roles within the company.
He was instrumental in the creation of Intuit's Partner & Developer Platform, led the Self-Employed Solutions team, and served as the Chief Product Officer of the Small Business Group from 2017 to 2019.
During this tenure, he orchestrated strategic initiatives that propelled Intuit's internal businesses into sustainable growth engines.
John Donahoe, Chair of the PayPal Board of Directors, affirmed that Chriss' extensive product development experience, customer-centric approach, unwavering dedication to empowering small businesses, and his exceptional track record of inspiring teams make him the ideal candidate to lead PayPal into its next phase of growth.
The Board conducted an exhaustive search to find the right leader, and their confidence in Alex Chriss is evident.
Donahoe expressed gratitude to outgoing CEO Dan Schulman for his outstanding leadership, which established a strong foundation for PayPal's future.
The Board and leadership team eagerly anticipate collaborating with Alex to further PayPal's role as a premier global digital payments platform, creating enhanced value for customers and shareholders.
Schulman will continue serving on the board until the company's next annual meeting of stockholders in May 2024.
Alex Chriss, PayPal's incoming President and CEO, recognized the company's pivotal role in the lives of consumers and merchants worldwide.
He has consistently championed small and medium-sized businesses and entrepreneurs, recognizing their importance as the backbone of economies globally.
Taking over from Dan Schulman, Alex is excited about the opportunity to collaborate with PayPal's talented team to build upon its remarkable legacy, utilizing its unique capabilities to deliver exceptional products and services to businesses and consumers.
An Overview of PayPal
For over two decades, PayPal has been a pioneer in the digital payment evolution. Through innovative use of technology, it has enhanced the accessibility, affordability, and security of financial services and commerce.
With its robust platform, PayPal is enabling countless consumers and businesses across 200 markets to not only participate but also flourish in the worldwide economy. To learn more, please visit https://www.paypal.com.
Source: prnewswire.com
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