PayPal CEO Schulman to Retire at End of Year as Growth Slows
- Leader for most of decade vows to help with smooth transition
- Company expects restructuring to cost $100 million in quarter
Dan Schulman
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
PayPal Holdings Inc. said longtime Chief Executive Officer Dan Schulman will retire at year-end as the payments giant contends with slowing growth across its platforms.
Schulman, 65, will continue to work with the board, which is enlisting a search firm to find a successor, the company said in a statement.