PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant.
Chriss, who led Intuit Inc.’s QuickBooks business, will start in the new role on Sept. 27, according to a statement Monday. He replaces Dan Schulman, who will stay on as a director.
Chriss, 46, is taking the reins of a company that was once a pandemic darling, as activity on its platforms swelled when consumers were stuck at home and turned to online shopping in droves. Now, though, it’s contending with a slowdown in growth and the stock has plummeted.
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