Former CEO Dan Schulman has left PayPal’s (NASDAQ: PYPL) Board of Directors. Alex Chriss was announced as his replacement last August.
PayPal confirmed this announcement last month.
PayPal had officially announced that Dan Schulman will “depart from PayPal Holdings, Inc.’s Board of Directors, effective December 31, 2023.”
Schulman served as PayPal’s President and CEO “from 2015 to 2023.” He has served “on the Board of Directors of PayPal since 2015. ”
Dan 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, Chairman of the PayPal Board, stated:
“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.”
Last month, PayPal Holdings, Inc. also announced the appointment of Suzan Kereere as President, Global Markets, “effective January 1, 2024.”
She will have end-to-end accountability “for leading PayPal’s local businesses and growth strategies in the markets around the world where the company operates to ensure seamless execution and drive profitable growth.”
This includes overseeing “the global sales and distribution of PayPal’s products and services, helping to drive PayPal’s position as a leading digital payment partner for businesses and consumers around the world.”
Chriss, President and CEO of PayPal, said:
“Suzan is a highly accomplished executive with extensive experience leading global payments and technology platforms and businesses at Fortune 100 companies around the world. Throughout her more than 30-year career, she’s led successful transformation, sales, and customer initiatives with a proven track record of championing a more inclusive culture in the workplace, maximizing value for customers, and driving growth. I’m thrilled to welcome Suzan to the PayPal team.”
Kereere will join PayPal “from Fiserv, where she currently leads Global Business Solutions, the company’s merchant-focused offerings. Kereere previously served as Fiserv’s Chief Growth Officer, leading strategy and business development to enhance customer value and accelerate growth across the enterprise.”
Prior to Fiserv, she has “held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021, which included scaling Visa’s value-added services with new client segments, as well as leading small business recovery efforts over the course of the pandemic. Kereere served in leadership positions at American Express from 1988 to 2016, including as head of its U.S. National Merchant Business and Global Network Business.”
She earned “a bachelor’s degree in economics from Tufts University, and an M.B.A. from Columbia University Business School. Kereere serves on the board of directors for 3M and the and on the board of trustees of the Alvin Ailey American Dance Theater.”
Peggy Alford, who currently serves as PayPal’s Executive Vice President, Global Sales and Merchant Services, will “transition from her current role at the end of the year and depart PayPal in January.”