Key points:
- PayPal has announced that Dan Schulman, the company’s President and CEO from 2015 to 2023, will depart from the Board of Directors at the end of December 2023.
- John Donahoe, Chairman of the PayPal Board, thanked Dan for his leadership, vision and commitment, under which PayPal has become a leading digital payments company that is trusted worldwide.
PayPal revealed that its President and CEO from 2015 to 2023, Dan Schulman, will step down from the company’s Board of Directors, effective from 31st December 2023. Schulman has been serving on the Board of Directors since 2015.
In a statement, Schulman said: “My tenure at PayPal has been one of the highlights of my career. With Alex Chriss and his leadership team in place, I leave the Board with full confidence that PayPal is in excellent hands for its next chapter of growth and success. It has been a great honor to lead the PayPal community, and I look forward to seeing where Alex will take the company next.”
John Donahoe, the Chairman of the PayPal Board, expressed his gratitude towards Dan for his crucial role in shaping up PayPal. He said: “On behalf of the Board of Directors, I thank Dan for his outstanding leadership and commitment to PayPal. Under Dan’s vision, PayPal became a leading digital payments company that is trusted around the world. Dan established a strong foundation for PayPal’s future growth.”
This announcement indicates a significant shift in PayPal’s leadership and marks the end of an era where Schulman guided PayPal to become a world-leading digital payments company.
