Alex Chriss, a long-serving Intuit executive, has been named PayPal’s new president and CEO.
Chriss’ appointment was announced in a press statement on Monday, August 14, following a protracted search for a successor to current President and CEO Dan Schulman.
“Alex is the perfect leader to take PayPal forward and accelerate the company’s growth opportunities,” said PayPal board chairman John Donahoe in a statement. “Alex is the ideal leader because of his depth of experience in product development, his passion for serving customers, his longstanding commitment to empowering and enabling small businesses, and his proven track record of developing and inspiring his team.”
According to the press release, Chriss has worked for Intuit for 19 years, the past three of which he has spent as executive vice president and general manager of the company’s Small Business and Self-Employed Group, which generates more than half of Intuit’s sales. Additionally, he handled the 2021 $12 billion acquisition of Mailchimp by Intuit.
Small and medium-sized firms and entrepreneurs, who form the foundation of every economy in the globe, have been championed by me throughout my career, Chriss stated in the statement. “I am honored to take over for Dan and delighted to have the chance to work with PayPal’s talented and dedicated team,” I said.
One of PayPal’s most recent initiatives for small- to medium-sized businesses (SMB) was the release in June of an Android Tap to Pay (TTP) solution for Venmo.