PayPal has recently announced the appointment of Srini Venkatesan as their new Chief Technology Officer (CTO), taking over from the current CTO, Archie Deskus. Venkatesan, who previously led Walmart’s U.S. Omni Platforms and Tech organization, brings a wealth of experience in technology leadership to his new role.

In a statement released by PayPal, Venkatesan expressed his enthusiasm for joining the company and his commitment to leveraging his background in technology and retail to enhance the customer experience. PayPal’s President and CEO, Alex Chriss, praised Venkatesan’s track record in building and scaling technology organizations, highlighting his expertise in digital transformation and AI personalization.

Prior to his role at Walmart, Venkatesan held key positions at Yahoo, eBay, StubHub, and Marketo, where he gained valuable experience in areas such as display and video ad technology, product development, and data science. As the new CTO at PayPal, Venkatesan will oversee the development and implementation of various technology initiatives, including analytics, AI and machine learning, information security, and product engineering.

Venkatesan’s appointment is part of a larger trend of executive hires at PayPal, including recent additions to the leadership team such as Aaron J. Webster, Amy Bonitatibus, Geoff Seeley, and Suzan Kereere. These appointments coincide with PayPal’s restructuring into three new business units, signaling a strategic shift in the company’s growth and innovation strategy.

Overall, Venkatesan’s extensive background in technology and retail, combined with his proven leadership skills, makes him a valuable addition to PayPal’s executive team. His appointment reflects the company’s commitment to driving technological innovation and enhancing the customer experience in the global commerce landscape.