PayPal appoints new CTO in mission to revolutionise commerce

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PayPal has appointed Srini Venkatesan as Chief Technology Officer (CTO) to spearhead the development and implementation of technology across the company.

As part of Venkatesan’s new role as CTO, he will focus on analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product engineering.

The new CTO is set to start work on 24 June, reporting to PayPal President and CEO Alex Chriss.

Chriss said: “Srini is a seasoned technologist and leader with a successful track record of building and scaling technology organisations, from early-stage startups to the world’s largest retailer. 

“As we execute our mission to revolutionise commerce globally, Srini’s experience leading technology, digital transformation, and AI personalization from inside some of our largest customers and partners will be invaluable. I’m thrilled to have Srini join the PayPal team.” 

Venkatesan joined PayPal after leading Walmart’s US Omni Platforms and Tech organisation, where he oversaw the development of global retail support platforms, features, and capabilities. 

Previously, he managed Yahoo‘s display and video ad technology platform and held leadership roles at eBay, where he led product and technology teams. Venkatesan also served as CTO at StubHub and Marketo and holds a bachelor’s degree in electrical engineering from Bharathiar University.

Archie Deskus, the current CTO at PayPal, has chosen to depart from the company. During her tenure, PayPal advanced significantly in its evolution toward becoming a platform-centric organisation. Deskus played a pivotal role in enhancing PayPal’s technology team, refining processes and fortifying systems.

Commenting on his new role, Venkatesan stated: “I’ve spent my career innovating to create new and improved ways for customers to discover, shop, and buy the goods they want and need. 

“I’m incredibly excited about joining PayPal and bringing together my experiences across tech and retail to personalise customers’ shopping experiences.”

In recent news, PayPal announced it is making its native stablecoin, PYUSD, more accessible after announcing that it will be launching on one of the most popular blockchain networks, Solana