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PayPal Promotes Seven Top Executives

PayPal CEO Dan Schulman has promoted seven executives and boasted of some accomplishments since the split with eBay last summer that he attributed to the company’s exceptional leadership.

“In the past 14 months, we’ve strengthened our core technology platform, built a culture where innovation can thrive, delivered groundbreaking new products to our customers and completed important new agreements with partners within and beyond the financial services industry,” Schulman said.

He mentioned PayPal was introducing an “Executive Vice President” designation to certain PayPal leadership positions, stating it would also provide additional opportunities for VP and SVP promotions as well as career advancement.

The leadership promotions include the following:

Bill Ready will be promoted to EVP, Chief Operating Officer and will be responsible for product, technology, and engineering.

Gary Marino will be promoted to EVP, Chief Commercial Officer and will be responsible for sales, marketing and credit.

Louise Pentland will be promoted to EVP and will become our Chief Business Affairs and Legal Officer. In addition to her current responsibilities as Chief Legal Officer, she will assume additional responsibilities for the Company’s Business Affairs, including government relations, social innovation and communications.

John Rainey, PayPal’s Chief Financial Officer, will be promoted to EVP. He will maintain his leadership of PayPal’s financial, global pricing, supplier management, and investor relations teams.

Jonathan Auerbach will be promoted to EVP. As PayPal’s Chief Strategy and Growth Officer, he will continue his current responsibilities driving our strategy, business development and partnerships.

Tomer Barel will be promoted to EVP, and will continue in his role as the Company’s Chief Risk and Data Officer.

Franz Paasche will be promoted to SVP, Corporate Affairs and Communications, and will continue his current responsibilities for government relations, communications and social innovation.

You can find the full announcement on the PayPal corporate blog.

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.