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RE: LeoThread 2023-08-14 15:54

in LeoFinance • last year

🧵 1. Intuit's Alex Chriss named new PayPal CEO, taking over from Dan Schulman on Sept. 27. Schulman will remain a director until May 2024. #business

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    🧵 2. Chriss, currently leading Intuit's small business & self-employed group, chosen out of 9 candidates. Impressed by his leadership & role in $12B Mailchimp acquisition.

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    🧵 3. PayPal's board met with over 20 investors, including Elliott Management, during CEO search. Elliott Management had no part in the selection.

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    🧵 4. Schulman, who became CEO in 2015 after split from eBay, announced retirement in December. Proud of accomplishments in reimagining financial services and e-commerce.

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    🧵 5. Chriss excited to work with PayPal's team and build on its history. Shares of PayPal up nearly 2% following CEO announcement.