PayPal Promotes Archie Deskus to Chief Technology Officer

(Source: PayPal)

Just one day after the appointment of Jamie Miller​ as Chief Financial Officer, PayPal Holdings, Inc. (PayPal), a leading provider of digital payment solutions, announced that it has promoted Archie Deskus to Executive Vice President and Chief Technology Officer (CTO) of PayPal, succeeding Sri Shivananda, the current Executive Vice President and CTO of the PayTech giant, who will be departing PayPal at the end of the year. 

In the new role, Deskus will be responsible for overseeing PayPal's global technology, engineering, and information organizations, supporting the company's technology strategy, priorities, and data-driven operating model, as well as leading the planning, management, delivery, and transformation of PayPal's technology stacks, systems support and infrastructure.

Joined PayPal as Chief Information Officer (CIO) in March 2022, Deskus has been with the company for almost 2 years. She also serves on the board of directors of East West Bank and Cognizant. Prior to PayPal, Deskus served as Senior Vice President and CIO at Intel Corporation, focusing on capitalizing information techonogy to accelerate the company's significant growth goals across a diverse portfolio of businesses. Between October 2017 and January 2020, she worked as CIO and SVP at Hewlett Packard Enterprise (HPE), a global edge-to-cloud company where she was responsible for the company's IT infrastructure and technology resources, working closely with HPE businesses to achieve strategic goals. Earlier in her career, Deskus had held CIO roles at several leading firms across industries, including Baker Hughes, Ingersoll Rand, Timex Group and Carrier.

Deskus obtained her Bachelor's Degree of Business Administration and Management Information Systems from Boston University and earned her MBA Degree from Rensselaer Polytechnic Institute.

Alex Chriss, President and CEO of PayPal, commented: "PayPal has a significant opportunity to further evolve to operate as a platform company that builds company-wide capabilities, accelerates at scale, and drives efficiencies across the company. Fully unlocking this will accelerate innovation and improve our ability to seamlessly delight our customers end-to-end. Archie has a strong track record of delivering exceptional results that drive business growth, transformation, and innovation. Bringing our technology, engineering and information teams together under Archie's leadership will foster enhanced accountability, collaboration, accelerate innovation, and fortify the efficiency of our operations."

Deskus said: "As we make this crucial change, I am incredibly excited about the opportunity to take our PayPal Technology Organization to the next level and to a future where innovation knows no bounds. I have every confidence in the dedication, talent, and spirit of our team. Together, we will continue to share the future of digital payments and make a lasting impact on our industry and the lives of our customers."

Chriss added: "For more than two decades, Sri climbed through the ranks of eBay and PayPal, working his way from a software engineer to Chief Technology Officer. He's an outstanding leader who has been instrumental in contributing to PayPal's culture and to ensuring the PayPal platform can continue to grow, evolve, and integrate with emerging technologies. On behalf of the many PayPal team members who have had the pleasure of working with Sri, I would like to express my gratitude and thanks for all he has done for our community and customers."