PayPal CEO Dan Schulman to step down

Digital Banking

After eight and a half years leading the payments giant, Schulman will resign on 31 December 2023.

Image source: Daniel Schulman/PopTech/CC BY-S.A 2.0.

PayPal’s president and CEO Dan Schulman is stepping down at the end of the year.

He plans to retire from the payments giant on 31 December 2023, and will continue to serve on the board of directors.

Schulman has been with the company since 2014, joining to lead it as a public company following its separation from eBay.

According to the company, its revenues almost tripled under Schulman’s leadership from $9.2bn in 2015 to $27.5bn in 2022, with active accounts more than doubling to more than 430 million in 200 markets.

“I’m proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day,” Schulman said. 

“Together, we have reimagined financial services and e-commerce, and worked to improve the financial health of our customers. PayPal makes a difference every day for its customers and communities and the company is positioned for a great…

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