PayPal names company veteran CTO
Global technology platform and payments provider PayPal Holding, Inc. has appointed VP of global payments infrastructure (GPI) Sri Shivananda as the company’s new senior VP and CTO, effective April 1.
Shivananda’s appointment follows the decision by current CTO James Barrese, to step down to take time off. Barrese will remain with PayPal for a period of time to support a smooth transition period.
With Barrese’s departure, PayPal will realign responsibilities within the company. As CTO, Shivananda will oversee the company’s platform and infrastructure with a focus on availability, scalability, performance and information security. The company’s payments and identity teams will move under the product and engineering organization, with a goal of enabling a stronger end-to-end view of PayPal’s customer experience as the company launches new capabilities.
“I am very pleased to welcome Sri to our leadership team as our next CTO,” said Dan Schulman, president and CEO of PayPal. “Sri has demonstrated outstanding leadership qualities and has been responsible for effectively running our critically important online payments systems around the world. He has the right skillset to allow us to remain at the forefront of innovation in the payments industry.”
During his nearly 15-year tenure at the company, Shivananda led eBay’s global platform and infrastructure (GPI) team that powered both the eBay Inc. and PayPal businesses. After separation from previous parent company eBay, Shivanda joined PayPal as VP of GPI, reporting to Barrese. In this role, he was responsible for all core technologies covering PayPal’s data centers, internal private cloud, online and offline data infrastructure, internal developer frameworks and tools, and various platform services.
“I am excited to take on this role and look forward to partnering with Dan and the leadership team to continue growing and improving our technology platform,” Shivananda said. “Our technology enables us to be a Customer Champion as the partner of choice to merchants and by empowering consumers globally – and I am committed to bringing our vision fully to life.”