PayPal CEO Dan Schulman plans to step down by the end of 2023, following a tenure marked by huge growth at the payments company, but more recently, layoffs and a slumping share price amid a souring economy.
Schulman, a 65-year-old former American Express executive, joined PayPal in 2014, just before it spun off from its parent eBay. He took it through its debut as an independent publicly-traded company in 2015, and then a period of major expansion during which its annual revenue grew from $8 billion in 2014 to $27.5 billion in 2022.
