PayPal Restructures into Three Core Divisions, Appoints New Leaders

PayPal announced in a press release a strategic reorganization of its business and executive leadership to accelerate growth and streamline decision making. The company will now operate under three primary divisions: Checkout Solutions and PayPal, Consumer Financial Services and Venmo, and Payment Services and Crypto.

Frank Keller has been appointed President of Checkout Solutions and PayPal. Alexis Sowa will serve as interim lead for Consumer Financial Services and Venmo, while Jeff Pomeroy becomes interim lead for Payment Services and Crypto. Antonio Lucio joins as Chief Marketing and Corporate Affairs Officer, and Anshu Bhardwaj takes on the role of Chief AI Transformation and Simplification Officer.

The new structure will align PayPal’s consumer and merchant ecosystems under a unified approach. The Consumer Financial Services and Venmo unit will expand Venmo into a broader financial platform, while the Payment Services and Crypto division will combine processing, Braintree, small business services, and crypto operations into one offering.

Two executives, Diego Scotti and Michelle Gill, are departing the company. PayPal said it will provide more details on the new model during its earnings call on May 5.