Square and PayPal have new executives

20.09.2023

Both PayPal (ticker: PYPL) and blockchain-owned Square (SQ) will have new CEOs in the coming weeks. While PayPal’s head change was part of a succession plan announced to Wall Street earlier this year, Square’s transition was more unexpected: the plans were announced in regulatory filings after the close of trading on Monday. The onset of the pandemic has led to a surge in e-commerce and contactless payments, areas in which PayPal and Block operate, and aspirations well beyond their core businesses.