Good morning. PayPal’s CFO Jamie Miller’s job has expanded to include the role of chief operating officer. Miller is now the chief financial and operating officer. This is happening at a time when the company, which is one of the world’s largest fintechs with a roughly $73 billion market capitalization, is pursuing ambitious growth plans.
Miller joined PayPal (No. 145 in the Fortune 500) in 2023. She was previously global CFO of EY and before that, CFO of Cargill. Miller also spent 12 years at General Electric. The trend of CFOs taking on the chief operating officer (COO) role continues. Earlier this month, Salesforce appointed Robin Washington to the newly created position of president and COFO—chief operating and financial officer. What's also interesting is the COO role is often meant to be a temporary development position for CEO aspirants, according to Spencer Stuart’s new report on C-suite roles at Fortune 500 companies.
