JOURNAL ARTICLE

PayPal CEO Reshapes Businesses, Makes Venmo Standalone Unit.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Chiglinsky, Katherine 3 of 3

Abstract

The article focuses on PayPal Holdings Inc.'s reorganization under CEO Enrique Lores, who aims to streamline the company by establishing three distinct business units: Checkout Solutions & PayPal; Consumer Financial Services & Venmo; and Payment Services & Crypto. Leadership changes include Frank Keller as president of Checkout Solutions, Alexis Sowa as interim head of Consumer Financial Services, and Jeff Pomeroy leading Payment Services, while Diego Scotti and Michelle Gill are departing. The restructuring follows PayPal’s recent struggles and leadership overhaul, with the company also appointing Antonio Lucio as chief marketing and corporate affairs officer and Anshu Bhardwaj as chief AI transformation and simplification officer. This reorganization occurs amid takeover interest from payment processor Stripe and a 13% decline in PayPal’s stock value this year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193407921
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