10-Q, Member Exclusive

Inside Alex Chriss’s first year leading PayPal

  • On September 27, 2023, PayPal began a new chapter with Alex Chriss stepping into the CEO role.
  • A year into his tenure, we take a look at Chriss's journey at PayPal through key events and if he is winning approval.
close

Email a Friend

Inside Alex Chriss’s first year leading PayPal

    It’s nearly been a year already — How is Chriss’s journey progressing?

     

    As fall approached last year, PayPal began a major transformation: a change in leadership. While CEO transitions are not uncommon, this one stood out for PayPal. Daniel Schulman, who had been steering the ship since 2014, was departing. Schulman’s tenure was marked by pivotal moments, including the company’s spin-off from eBay and its evolution into an independent, publicly traded entity. Under his leadership, PayPal redefined itself and expanded its global reach. His departure left considerable expectations for his successor, who would need to navigate not only the legacy of Schulman’s transformative years but also address the company’s challenges at the time, including its underperforming stock that had lost nearly 20% value year-to-date and dwindling active user numbers.

    On September 27, 2023, PayPal began a new chapter with Alex Chriss stepping into the CEO role.

    As the industry digitizes, PayPal’s board sought a leader with a blend of expertise in global payments and technology to drive the company’s growth. When Chriss, who was employed at Intuit, was appointed from a pool of nine candidates, the board expressed strong confidence in their choice. However, the broader industry and analysts had a relatively tepid response, reflecting a cautious curiosity about how Chriss would steer PayPal into its next phase

    A year into his tenure, we take a look at Chriss’s journey at PayPal through key events.


    subscription wall for TS Pro

    0 comments on “Inside Alex Chriss’s first year leading PayPal”

    10-Q, Member Exclusive

    Is Chase UK fighting off challengers, or is it the other way around?

    • with the UK's landscape for mobile and digital banking services coming into focus, major international institutions like JPMorgan Chase are capitalizing on the opportunity and entering the UK market.
    • The task now facing UK neobanks is to sustain their momentum in an evolving market where competition grows stronger and customer demands become sharper.
    Sara Khairi | October 07, 2024
    10-Q, Member Exclusive

    How old banks are infusing new ideas in embedded finance

    • Get an up-close look at the industry’s most exciting developments with Tearsheet's The Big Bank Theory [TBBT] Awards.
    • We explore how this year's Tearsheet TBBT award-winning incumbent banks are navigating the embedded finance landscape with APIs, partnerships, and proprietary solutions to strengthen their position and adapt to market changes.
    Sara Khairi | September 30, 2024
    10-Q, Member Exclusive

    Apple-Goldman fallout: How to prevent cracks in collaborations

    • We look at how to manage key aspects and avoid pitfalls to keep partnerships strong, based on perspectives from different players in the financial services industry.
    • We'll also delve into the recent twists in one of the most hotly discussed partnerships of late.
    Sara Khairi | September 23, 2024
    10-Q, Member Exclusive

    From early glory to present challenges: The story of Bank of Hope

    • We take a closer look at the struggles faced by LA-based Bank of Hope and the course it’s charting to navigate its challenges.
    • The regional bank is advancing its M&A strategy while balancing it with cost-cutting measures.
    Sara Khairi | September 16, 2024
    10-Q, Member Exclusive

    From Chinatown roots to SoCal’s focus: How East West Bank became SoCal’s largest publicly traded bank

    • We look at the story of how East West Bank came to be and evolved into the largest publicly traded bank headquartered in SoCal.
    • what has likely driven East West Bank’s growth from day one is its targeted focus on a niche demographic.
    Sara Khairi | September 09, 2024
    More Articles