PayPal Taps Alex Chriss of Intuit as New CEO – C-Suite Transitions
Welcome to edition 54 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.
Sudden Departures
- BRDS: On August 9, 2023, the Board of Directors of Bird Global terminated Chief Executive Officer Shane Torchiana effective immediately,
- GRTX: On August 9, 2023, Galera Therapeutics’ Chief Commercial Officer Mark Bachleda was informed that his position was being eliminated in connection with a reduction of the company’s workforce.
- IONQ: On August 9, 2023, IonQ’s General Counsel and Corporate Secretary Laurie Babinski notified the company of her decision to step down from her position, effective as of August 16, 2023.
PayPal Holdings (PYPL): $59.68
- Intuit’s Alex Chriss takes over as CEO, succeeding Dan Schulman
- PayPal Introduces USD Stablecoin for transactions and transfers
- Activist investment firm Elliott Investment Management exited its stake in PayPal
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