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- JPMorgan(New York Stock Exchange: JPMorgan ChaseAccording to media reports, former PayPal Holdings (PYPL) employee Sri Shivananda has been appointed as the new chief technology officer, replacing AJ Lang, who announced plans to retire earlier this year.
- PayPal (PYPL) See There has been an exodus of senior executives since Alex Chriss became PayPal’s chief executive in September. Shivananda leaving PayPal (Junior annual salary) end of 2023starting with J.P. Morgan (JPMorgan), a JPMorgan spokesperson confirmed to Seeking Alpha a few weeks later.
- Reuters initially reported the executive announcement, citing an internal memo. According to Reuters, JPMorgan Chase’s global chief information officer Lori Beer wrote in the memo that the new employee has a strong record of business growth and innovation, which will help JPMorgan Chase “address complex technology challenges.” .
- Last month, at JPMorgan’s Investor Day, Jamie Dimon told investors that the company would be increasing its headcount in artificial intelligence “for quite some time,” noting that it Costs will “go up, not down.”
