PayPal Names String of Senior Appointments, Promoting Six

A total of six senior executives have been promoted at PayPal, transforming its leadership heading into Q4.

PayPal (NASDAQ:PYPL) has implemented a number of changes across its leadership in recent months, with its latest appointment seeing the elevation of Bill Ready to the role of Executive Vice President (EVP) and Chief Operating Officer (COO) at the group, among others according to a recent PayPal report.

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The group’s new designations and promotions follow on the heels of several agreements and new product offerings at the payment provider. For his part, Mr. Ready will be tasked with handling the group’s product, technology, and engineering capabilities at PayPal. He originally joined the group back in 2015, having since worked as its Senior Vice President (SVP), Global Head of Product & Engineering and Global Head of Merchant & NextGen Commerce.

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Familiar Faces, New Roles

In addition to Mr. Ready’s appointment, Gary Marino will also be promoted to EVP, Chief Commercial Officer (CCO) covering a new range of sales, marketing, and credit at PayPal. By extension, Louise Pentland will also be elevated to an EVP role, focusing on business and legal affairs at the group. She will also continue to oversee responsibilities as its Chief Legal Officer, as well as government relations, social innovation and communications.

Moreover, John Rainey, PayPal’s Chief Financial Officer (CFO), will be promoted to EVP, with Jonathan Auerbach, the group’s acting Chief Strategy and Growth Officer also receiving the same designation. Finally, Tomer Barel will be promoted to EVP, whilst continuing in his role as the Company’s Chief Risk and Data Officer, with Franz Paasche being appointed as a SVP, Corporate Affairs and Communications.

The appointments are the first at the group since last month when PayPal Canada, the group’s Canadian arm brought in Paul Parisi to succeed Cameron Schmidt, following his resignation from his position as General Manager.

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