PayPal Holdings, Inc. (NASDAQ:PYPL) today announced that its Board of Directors has appointed senior Intuit executive, Alex Chriss, as President and CEO, effective September 27, 2023. Mr Chriss will also join the Board on that date.

The appointment follows a thorough CEO search process, conducted by the Board over the last number of months, with the mandate to appoint a next generation leader with extensive global payments, product, and technology experience, capable of driving growth across the PayPal platform for years to come.

Mr Chriss joined Intuit 19 years ago, serving in increasing levels of leadership across the company, including creating Intuit’s Partner & Developer Platform, leading the Self-Employed Solutions team and then serving as the Small Business Group’s Chief Product Officer from 2017 to 2019. During that time, he oversaw and implemented multiple strategic initiatives that transformed businesses inside Intuit into sustainable growth engines for the company.

“PayPal is an extraordinary company that plays a critical role in the lives of consumers and merchants all over the world,” said Alex Chriss, PayPal’s incoming President and CEO. “Throughout my career, I have championed small and medium businesses and entrepreneurs, who are the backbone of every economy in the world. I am proud to take the baton from Dan and thrilled to have the opportunity to work with PayPal’s talented and committed team to build on PayPal’s remarkable history and draw on its unique capabilities to deliver outstanding products and services to businesses and consumers.”