PayPal has planned for months to name a new CEO to replace Dan Schulman before yearend. Now, the digital payments pioneer is coming under pressure to speed up the transition.
“Some investors are getting frustrated with what they believe is a lack of urgency on the CEO search,” according to a Monday note from the independent research firm Wolfe Research sent to its investment clients.
The San Jose, California-based company said in early February that Schulman, 65, planned to retire by the end of the year, though he noted at the same time that he was willing to stay longer if the board asked.
