CEO Dan Schulman to retire from PayPal by year-end 2023

PayPal Holdings, Inc.

Schulman intends to retire on December 31, 2023 or upon successor appointment; no dispute with the company.
Board will retain a search firm to find Schulman's successor; Schulman will continue on the Board.
Under Schulman, revenue grew from $9.2B (2015) to $27.5B (2022); TPV increased 5x to $1.36 trillion.
Total active accounts more than doubled to over 430 million in 200 markets during his tenure.
Schulman's retirement is planned and he will work with Board for a smooth leadership transition.

item 5.02 item 7.01 item 9.01

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Departed

Dan Schulman

President and Chief Executive Officer

PYPL · PayPal Holdings, Inc.

Effective: 2023-12-31
Filed: February 9, 2023, 6:59 PM ET

On February 8, 2023, Dan Schulman, President and Chief Executive Officer, notified the Board of Directors (the “Board”) of PayPal Holdings, Inc. (the “Company”) of his intention to retire from the Company on December 31, 2023 or upon the appointment of a successor thereafter.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Schulman departed as President and Chief Executive Officer at PayPal Holdings, Inc..

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

On February 8, 2023, Dan Schulman, President and Chief Executive Officer, notified the Board of Directors (the “Board”) of PayPal Holdings, Inc. (the “Company”) of his intention to retire from the Company on December 31, 2023 or upon the appointment of a successor thereafter.

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Source: SEC EDGAR

accession 0001193125-23-030104

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