PayPal Names Chriss CEO, Poaching Executive From Intuit
August 14 2023 - 9:09AM
Dow Jones News
By Colin Kellaher
PayPal Holdings has tapped Intuit executive Alex Chriss as its
next president and chief executive, ending a monthslong search for
a new leader.
The San Jose, Calif., payments giant on Monday said Chriss will
take the reins from Dan Schulman on Sept. 27 and also will join the
board.
Chriss currently serves as executive vice president and general
manager of Intuit's small business and self-employed group, which
generates more than half of the TurboTax parent's revenue.
Intuit on Monday said its chief technology officer, Marianna
Tessel, would succeed Chriss as general manager of the small
business and self-employed group, effective Sept. 5, with Alex
Balazs, currently chief technology architect, moving up to chief
technology officer.
PayPal said Schulman, who in February announced plans to retire
after nine years at the helm, will remain a member of the board
until next May.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
August 14, 2023 09:54 ET (13:54 GMT)
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