PayPal Holdings, Inc. (NASDAQ: PYPL) has appointed Srini Venkatesan as its new Chief Technology Officer (CTO), effective June 24. Venkatesan will report to PayPal President and CEO Alex Chriss and will be responsible for leading the development and implementation of technology across the entire PayPal ecosystem. This includes overseeing areas such as analytics, data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product engineering.
Venkatesan is a seasoned technologist with a successful track record in building and scaling technology organizations. He has extensive experience working with some of the world’s largest retailers and customers. In his previous role at Walmart, he led the U.S. Omni Platforms and Tech organization where he focused on building platforms, features, and capabilities to support the retailer globally. He also held key technology positions at companies like Yahoo, eBay, StubHub, and Marketo. Venkatesan holds a bachelor’s degree in electrical engineering from Bharathiar University.
PayPal President Alex Chriss praised Venkatesan’s appointment saying that his expertise in building technology organizations will be valuable as PayPal continues its mission to revolutionize global commerce. With his experience in AI and machine learning, Venkatesan will play a critical role in enhancing customers’ shopping experiences through innovative technologies.
Current PayPal CTO Archie Deskus has decided to leave the company after making significant progress towards operating as a true platform company and improving technology team, processes, and systems under her leadership.
Venkatesan expressed his enthusiasm about joining PayPal stating that he was excited about bringing together his tech and retail experiences to enhance customers’ shopping experiences at PayPal.
The new CTO stated that he looked forward to working closely with PayPal’s diverse teams across different regions of the world to deliver innovative solutions that would benefit millions of sellers around the globe.
In conclusion, Venkatesan’s appointment marks an exciting time for PayPal as they continue their mission to transform global commerce through innovative technologies. His extensive experience in building technology organizations coupled with his expertise in AI and machine learning makes him an ideal candidate for this role.
PayPal is committed to delivering cutting-edge solutions that improve customer experiences while maintaining high levels of security for its users. With Venkatesan on board as their new CTO, they are well-positioned to achieve these goals while continuing their growth trajectory in the years ahead.
