PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the appointment of Suzan Kereere as President, Global Markets, effective January 1, 2024.

Kereere will join PayPal from Fiserv where she currently leads Global Business Solutions, the company’s merchant-focused offerings. Kereere previously served as Fiserv’s Chief Growth Officer, leading strategy and business development to enhance customer value and accelerate growth across the enterprise.

Prior to Fiserv, she held executive leadership roles in global merchant sales and acquiring at Visa from 2016 to 2021, which included scaling Visa’s value-added services with new client segments, as well as leading small business recovery efforts over the course of the pandemic.

Kereere served in leadership positions at American Express from 1988 to 2016, including as head of its U.S. National Merchant Business and Global Network Business.

She earned a bachelor’s degree in economics from Tufts University, and an M.B.A. from Columbia University Business School. Kereere serves on the board of directors for 3M and the and on the board of trustees of the Alvin Ailey American Dance Theater.

“I’ve dedicated my career to driving innovation in the payments industry and have long been inspired by PayPal,” said Kereere. “I’m delighted to join PayPal to serve this iconic brand and deliver on the mission to empower consumers and businesses to reach their full potential.”

Peggy Alford, who currently serves as PayPal’s Executive Vice President, Global Sales and Merchant Services, will transition from her current role at the end of the year and depart PayPal in January. Alford has worked at PayPal for more than 11 years and during that time has made meaningful contributions through numerous senior leadership roles across the business.