Former PayPal CEO Dan Schulman has been named managing partner at Valor Capital. The firm, which says it launched the first U.S. and Latin American cross-border venture fund in 2011, announced Schulman’s appointment in a Monday (April 8) news release. “Dan needs no introduction for those who have been in the tech...
J.P. Morgan Chase’s board said Monday (April 8) that planning for an orderly CEO transition in the medium term is one of its top priorities. “The board is focused on enabling an orderly CEO transition to take place in the medium-term,” it said in a proxy...
JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business. The GB business now brings together the bank’s Commercial, Corporate and Investment Banking lines, according to a memo provided to PYMNTS Thursday (April 4) by JPMorgan Chase. “Our new GB franchise strengthens...
Streaming audio platform Spotify named a new chief financial officer. Christian Luiga is joining Spotify from Saab AB, a European defense and security company, where he served as deputy CEO and finance chief, the Swedish company announced in a news release Thursday (April 4). Before that, Luiga held leadership roles,...
Payments platform ConnexPay has named industry veteran Ben Peters as its new CEO. Peters, who has spent two decades in the payments and vertical software space, will replace ConnexPay founder Bob Kaufman, who is moving into the role of board chairman, the company announced in a Tuesday (April 2) news release. “Under...
Ally Financial has announced that Michael G. Rhodes will become its new CEO and will be appointed to the board of directors on April 29. Rhodes has just resigned as the CEO of Discover Financial Services and a member of its board of directors, Ally Financial said in a...
The head of Microsoft’s Bing search engine and ad business is reportedly leaving that role. Mikhail Parakhin’s departure — the subject of a Monday (March 25) Bloomberg News report — comes a week after the tech giant appointed DeepMind co-founder Mustafa Suleyman to head up...
Open Lending appointed its chief financial officer, Chuck Jehl, to the additional roles of chief operating officer and interim CEO after Keith Jezek resigned as CEO and board member. This leadership change is effective immediately, with Jezek remaining available to advise the company on the transition, Open Lending said...
Retail fulfillment company Fabric named eCommerce veteran Curt Avallone as its co-CEO. The appointment comes as Fabric looks to expand its operations worldwide with a focus on eGrocery, according to a Monday (March 25) press release. “Over the past 30 years, Avallone has collaborated to build new businesses...
