PayPal Holdings Inc. is continuing its leadership transition, this time tapping a Fiserv Inc. and Visa Inc. veteran to lead global markets.
Suzan Kereere will join PayPal
PYPL,
as president of global markets at the start of 2024, having most recently served as Fiserv’s
FI,
executive vice president for global business solutions. At PayPal, she’ll be responsible for overseeing global sales as well as product distribution, the company said Wednesday.
“We’ve earned the right to focus and win in key markets and our customers around the world are counting on us to help them fulfill their dreams,” Chief Executive Alex Chriss said in a statement to MarketWatch. “Suzan fiercely believes in PayPal’s mission and values, and I know she’ll be a catalyst to take our strong culture and customer-back innovation to the next level.”
Chriss himself is new to PayPal, having assumed the CEO position in late September. He impressed Wall Street on his first earnings call as he talked up a desire to refocus PayPal on its strengths, acknowledging that the company has been “doing too many things” to the point where it’s “spread too thin.”
The company also has a new chief financial officer in Jamie Miller, an EY veteran who took on her role last month. Additionally, PayPal noted in a Wednesday release that Peggy Alford, currently its executive vice president for global sales and merchant services, intends to leave PayPal in January after a stint there lasting more than 11 years.
PayPal shares have shed 21% of their value over the past year, and they’re down 69% over a two-year span.
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