Paypal (NASDAQ:PYPL) Revamps Its Leadership

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Paypal Holdings Inc (NASDAQ:PYPL) has made some leadership changes as the payment company has designated Sri Shivananda as the organization’s upcoming senior Vice President and Chief Technology Officer starting April 1. Shivanada’s nomination follows the resignation of present Chief Technology Officer James Barrese. The latter will stay with the company for some time to facilitate a seamless transition.

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With Barrese’s exit, PayPal will reallocate task load within the company. As CTI, Shivananda will manage the organization’s platform and infrastructure with emphasis on information security, performance, scalability and availability. PayPal’s payments as well as identity personnel will come under the engineering and product division with the objective of delivering a more powerful display of PayPal’s user experience.

CEO and president of PayPal Dan Schulman said that he was happy to have Shivananda on board as the company’s next CTO. Shivananda was instrumental in effectively operating the company’s important online payment systems worldwide. Schulman believes he has the necessary skill set to keep PayPal ahead as the leader in the payments sector.

In his almost 15 years in the organization, Shivananda spearheaded the global platform for eBay Inc (NASDAQ:EBAY) that drove both eBay as well as PayPal’s enterprises. After splitting from the parent organization, Shivananda assumed a Vice President position in PayPal and was directly under Barrese. He was in charge of all technologies in PayPal’s data centers, developer frameworks and tools, online as well as offline data hardware, private cloud and other platform services.

Shivananda said that he was excited to assume the position and pleased at the opportunity to partner with CEO Schulman as well as the rest of the leadership to keep bettering PayPal’s technology platform.

Barrese was hired by PayPal in 2011 after a 10-year stint at eBay. He assumed the role of PayPal’s chief technology officer in 2012. The organization reported high quarterly earnings last month with revenue increasing 17% year over year.

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