PayPal names Intuit exec Alex Chriss as CEO, effective Sept 27, 2023

PayPal Holdings, Inc.

Alex Chriss, former Intuit SVP & GM of Small Business, appointed President & CEO, effective Sept 27, 2023; also joins Board.
Dan Schulman resigns as CEO on Sept 27 but remains on Board until May 2024 annual meeting.
Compensation: $1.25M base salary, 200% target bonus, plus equity grants totaling ~$43.75M in RSUs and PBRSUs.
Chriss led Intuit's $12B Mailchimp acquisition and grew Small Business revenue 23% CAGR over 5 years.
Board search committee unanimously supports Chriss; process was thorough and months-long.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Alex Chriss

Director

PYPL · PayPal Holdings, Inc.

Effective: 2023-09-27
Filed: August 14, 2023, 7:59 PM ET

Mr. Chriss was also appointed as a member of the Board, effective as of the Effective Date.

Appointed

Alex Chriss

President and Chief Executive Officer

PYPL · PayPal Holdings, Inc.

Effective: 2023-09-27
Filed: August 14, 2023, 7:59 PM ET

appointed Alex Chriss as President and Chief Executive Officer of the Company (“CEO”), effective as of September 27, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alex Chriss was appointed as Director at PayPal Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

Mr. Chriss was also appointed as a member of the Board, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alex Chriss was appointed as President and Chief Executive Officer at PayPal Holdings, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointed Alex Chriss as President and Chief Executive Officer of the Company (“CEO”), effective as of September 27, 2023

View on SEC.gov

PayPal Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-212353

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