PayPal, Kraft Heinz name new CEOs

PayPal (PYPL) has named Intuit's (INTU) Alex Chriss as its new President and CEO. Chriss will replace longtime PayPal CEO Dan Schulman. Chriss will officially join the company in late September. Kraft Heinz (KHC) also announced that its North America Zone President Carlos Abrams-Rivera will take over as CEO on January 1, 2024. Current CEO Miguel Patricio will stay with the company as its Non-Executive Chair of the Board. Yahoo Finance Live breaks down the stories.