PayPal CEO Dan Schulman said he will retire from the company at the end of 2023, ending a nine-year run atop the payments giant
PayPal’s board hasn’t yet chosen a successor. Mr. Schulman said he will help with the leadership transition and remain on the board.
“I’m at a point in my life where I want to devote more time to my passions outside the workplace,” Mr. Schulman said in a statement.executive, Mr. Schulman led PayPal through its separation from eBay Inc. in 2015. During his tenure, he cut deals with banks and credit-card networks to broaden the usage of PayPal. Mr. Schulman also spent billions of dollars on acquisitions to move PayPal beyond being a checkout button on retailers’ websites and into a more diversified financial-tech company.
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