Intuit's Alex Chriss Named PayPal CEO & President Effective Sept. 27; Outgoing PayPal CEO Dan Schulman To Remain A Director Until May 2024
Portfolio Pulse from Happy Mohamed
Alex Chriss, currently at Intuit, has been appointed as the new CEO and President of PayPal, effective from September 27. Outgoing CEO Dan Schulman will remain a director until May 2024.
August 14, 2023 | 1:29 pm
News sentiment analysis
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NEGATIVE IMPACT
Intuit's Alex Chriss is leaving to become PayPal's CEO and President. This could potentially impact Intuit's operations and stock performance.
Alex Chriss's departure from Intuit could potentially disrupt the company's operations and may negatively impact the stock in the short term as the company adjusts to the change.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
PayPal appoints Alex Chriss as new CEO and President, effective from September 27. Outgoing CEO Dan Schulman will remain a director until May 2024.
The appointment of a new CEO is a significant event for a company. However, the impact on PayPal's stock is uncertain in the short term as it will depend on how the market perceives this change in leadership.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100