PayPal announced two new leaders will be joining the company as it prepares to separate from eBay Inc. and become an independent, publicly-traded company later this year. Both will report to PayPal president and CEO designee Dan Schulman and serve on the company’s leadership team.
Louise Pentland will become PayPal’s new General Counsel, joining the company on April 27. Pentland is the former Executive Vice President and Chief Legal Officer at Nokia Corporation and comes to PayPal with deep legal and commercial knowledge along with a strategic understanding of the mobile technology landscape. Pentland will be responsible for PayPal’s compliance with financial and regulatory requirements around the world.
Jonathan Auerbach has been named PayPal’s Senior Vice President of Strategy and Growth, and will also be joining the company on April 27. Auerbach comes to PayPal from Singtel where he served as CEO of Group Digital Life, leading the company’s global portfolio of digital businesses as well as its $250 million venture fund. Auerbach will be responsible for developing the company’s global strategy and identifying opportunities to advance PayPal’s leadership position through partnerships, investments and acquisitions.
“I couldn’t be more thrilled to welcome Louise and Jonathan to PayPal where they will undoubtedly make immediate impact as we work to take advantage of our tremendous opportunity ahead,” said Dan Schulman, president and CEO designee of PayPal.
“With 162 million active customers, PayPal is the world’s leading open digital payments company. We believe PayPal has a once-in-a-lifetime chance to enhance the financial freedom, flexibility and opportunity of hundreds of millions of people by transforming the movement and management of their money around the world.”