PayPal CEO Dan Schulman will leave the company at the end of the year to “devote more time to my passions outside the workplace” following a turbulent year for the online payments technology firm, which saw the price of its shares plunge more than 60 percent.
In a statement on Feb. 9, the online payments company said that Schulman has informed the board of directors of his intention to retire on Dec. 31, 2023, but that the CEO will continue to work with the board on a “smooth leadership transition” and will continue to serve on the board after stepping down.
