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EBay Appoints Dan Schulman As PayPal's CEO Post Business Separation(dpa-AFX International Compact Via Acquire Media NewsEdge) SAN JOSE (dpa-AFX) - eBay Inc. (EBAY) Tuesday said Dan Schulman will become the new Chief Executive of PayPal, following its separation into an independent, publicly traded company in the second half of 2015. Schulman was also named President of PayPal, effective immediately. Schulman has nearly 30 years of senior leadership experience at global, consumer-centric brands, with an emphasis on both payments and mobile technology. Since 2010, he was the President of American Express' Enterprise Growth Group and led the company's global strategy to expand its alternative mobile and online payment services. PayPal, with 152 million active digital wallets, connects people globally, enabling them to easily make payments online. It is available in 203 markets worldwide and is on track to process 1 billion mobile payments this year alone. PayPal has processed $203 billion in total payment volume for its customers over the past year. Copyright RTT News/dpa-AFX |