PayPal Names Expedia’s John Kim as New Chief Product Officer

PayPal (Nasdaq: PYPL) announced the appointment of John Kim as an Executive Vice President (EVP) and the new Chief Product Officer (CPO) on Thursday. He will join the payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term giant on 26 September, replacing Mark Britto who will retire at the end of this year.

At Paypal, he will lead the consumer and merchant product and engineering teams.

“PayPal stands alone at the intersection of technology, digital payments, financial services and commerce. The scale of its two-sided global platform and reputation as one of the most trusted consumer brands in the world are true differentiators,” said Kim.

“I am eager to work alongside the PayPal team to help drive the next phase of growth and enable future generations of global digital payments and commerce.”

A Strong Background

He is an expert in building foundational consumer products and marketplaces and brings more than two decades of experience to his new role.

He is joining Paypal from Expedia Group, where he spent the last decade. His latest role in that company was as the President of Marketplace as he oversaw strategy, product, technology and operations of the group’s line of business. Prior to that, he was the President of Platform & Marketplaces at Expedia.

In addition, Kim was the President of HomeAway/Vrbo after its acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term by Expedia and later he assumed the exclusive role of Vrbo President. He also severed as the CPO of Expedia.

“John is an outstanding leader with a proven ability to build and lead high-performing global teams that drive new and innovative product development,” Dan Schulman, the President and CEO of PayPal, said.

“Developing new products at scale that engage customers and merchants through an exceptional user experience requires a unique combination of talents, and we've truly found these in John."