PayPal Holdings, Inc. announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), effective June 24, reporting to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure operations, and product engineering. Venkatesan joins PayPal from Walmart where he most recently led the U.S. Omni Platforms and Tech organization.

At Walmart, he led a team to build platforms, features, and capabilities to support the retailer globally. Prior to Walmart, Venkatesan oversaw Yahoo's display and video ad technology platform. Earlier in his career, he led product and technology teams at eBay and was Chief Technology Officer at StubHub and Marketo.

Venkatesan earned a bachelor's degree in electrical engineering from Bharathiar University. Archie Deskus, who currently serves as PayPal's Chief Technology Officer, has decided to leave PayPal. Under Deskus' leadership, PayPal has made significant progress toward operating as a true platform company and strengthened its technology team, processes, and systems.