PayPal Names New Chief Technology Officer From Walmart

<p><strong style&equals;"font-size&colon; 1rem&semi;"><span class&equals;"xn-location">SAN JOSE <&sol;span><&sol;strong><span style&equals;"font-size&colon; 1rem&semi;">&&num;8212&semi; PayPal Holdings&comma; Inc&period; has hired <&sol;span><span class&equals;"xn-person" style&equals;"font-size&colon; 1rem&semi;">Srini Venkatesan<&sol;span><span style&equals;"font-size&colon; 1rem&semi;"> as Chief Technology Officer &lpar;CTO&rpar;&period; He will report t<&sol;span><span style&equals;"font-size&colon; 1rem&semi;">o PayPal President and CEO <&sol;span><span class&equals;"xn-person" style&equals;"font-size&colon; 1rem&semi;">Alex Chriss<&sol;span><span style&equals;"font-size&colon; 1rem&semi;">&period; In this role&comma; Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem&comma; including analytics and data science&comma; artificial intelligence &lpar;AI&rpar; and machine learning&comma; information security&comma; infrastructure operations&comma; and product engineering&period; <&sol;span><&sol;p>&NewLine;<p>&&num;8220&semi;Srini is a seasoned technologist and leader with a successful track record of building and scaling technology organizations&comma; from early-stage startups to the world&&num;8217&semi;s largest retailer&comma;&&num;8221&semi; said Chriss&period; &&num;8220&semi;As we execute our mission to revolutionize commerce globally&comma; Srini&&num;8217&semi;s experience leading technology&comma; digital transformation&comma; and AI personalization from inside some of our largest customers and partners will be invaluable&period; I&&num;8217&semi;m thrilled to have Srini join the PayPal team&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Venkatesan joins PayPal from Walmart where he most recently led the U&period;S&period; Omni Platforms and Tech organization&period; At Walmart&comma; he led a team to build platforms&comma; features&comma; and capabilities to support the retailer globally&period; Prior to Walmart&comma; Venkatesan oversaw Yahoo&&num;8217&semi;s display and video ad technology platform&period; Earlier in his career&comma; he led product and technology teams at eBay and was Chief Technology Officer at StubHub and Marketo&period; Venkatesan earned a bachelor&&num;8217&semi;s degree in electrical engineering from Bharathiar University&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I&&num;8217&semi;ve spent my career innovating to create new and improved ways for customers to discover&comma; shop&comma; and buy the goods they want and need&comma;&&num;8221&semi; said Venkatesan&period; &&num;8220&semi;I&&num;8217&semi;m incredibly excited about joining PayPal and bringing together my experiences across tech and retail to personalize customers&&num;8217&semi; shopping experiences&period;&&num;8221&semi;<&sol;p>&NewLine;<p><span class&equals;"xn-person">Archie Deskus<&sol;span>&comma; who currently serves as PayPal&&num;8217&semi;s Chief Technology Officer&comma; has decided to leave PayPal&period; Under Deskus&&num;8217&semi; leadership&comma; PayPal has made significant progress toward operating as a true platform company and strengthened its technology team&comma; processes&comma; and systems&period;<&sol;p>&NewLine;