Alex Chriss, the executive in charge of Intuit's Small Business and Self-Employed group, has been named the new CEO of PayPal. He will take over from current CEO Dan Schulman on September 27th. Schulman had announced his plan to step down by the end of the year and will remain a director at PayPal until May 2024. Chriss was chosen for the role after a selection process that began in February. The board members were impressed by his leadership at Intuit, especially in navigating the company's acquisition of Mailchimp for $12 billion.

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