PayPal Finds New CEO - Intuit's Alex Chriss to Take the Helm, Bringing Strong Small Business Experience
Portfolio Pulse from Anusuya Lahiri
PayPal Holdings, Inc (NASDAQ:PYPL) has appointed Alex Chriss, currently Executive Vice President and General Manager of Intuit's Small Business and Self-Employed Group, as its new CEO effective from September 27, 2023. Chriss, who has been with Intuit Inc (NASDAQ:INTU) for 19 years, will also join PayPal's Board. The announcement follows the planned retirement of current CEO Dan Schulman at the end of the year.
August 14, 2023 | 2:24 pm
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POSITIVE IMPACT
PayPal's appointment of Alex Chriss as CEO could bring a fresh perspective and potentially drive growth, given his strong experience in small business.
The appointment of a new CEO with strong experience in small business could potentially drive growth and innovation at PayPal. This news is highly relevant to PayPal and important for investors to consider.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Intuit may face some disruption with the departure of Alex Chriss, a key executive responsible for more than half of the company's revenue.
The departure of a key executive who was responsible for more than half of the company's revenue could potentially disrupt operations at Intuit. This news is highly relevant to Intuit and important for investors to consider.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100