Alex Chriss, Intuit’s chief product officer, will take over in late September from current PayPal CEO Dan Schulman.
Schulman mentioned at the time that digital currencies “requires a stable instrument” like the US dollar, and now, PayPal will move forward on it with a new CEO.
Chriss’ tenure at Intuit included leading the $12 billion acquisition of Mailchimp in 2021, and he handled small businesses and self-employed groups. “The Board search committee worked diligently and thoroughly to find the right candidate to take PayPal into its next stage of growth and expansion, and we are confident Alex is that person,” PayPal board of directors chair John Donahoe states in a press release.
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