PayPal makes a difference every day for its customers and communities and the Company is positioned for a great future. "Together, we have reimagined financial services and e-commerce, and worked to improve the financial health of our customers. "I'm proud of what we have accomplished at PayPal and of the incredibly talented and committed people I work with every day," said Schulman.
The Board will retain a search firm to help find Schulman's successor.
Schulman will continue to serve on the Board of Directors. (NASDAQ: PYPL) today announced that President and CEO Dan Schulman has informed the Board of Directors of his intention to retire from PayPal on Decemand that he will work with the Board on a smooth leadership transition.
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