Online payment system provider PayPal announced that the operation director Bill Ready has resigned. The effective date of resignation is July 15th, but both parties agree that he will continue to work until the end of this year to complete the formal resignation. According to the news, Ready’s reason for leaving is to look for greater development beyond the job. After the news was released, the company’s share price fell 1.1% in the post-market period.
Ready will receive $1.5 million in cash and a batch of restricted stock awards for performance in 2017 and 2018. Some restricted stocks that will not be issued after leaving the company will also have the opportunity to be issued in advance.
Paypal announced its first quarter results in May. During the period, the total amount of transactions through Paypal increased by 25% year-on-year to US$161 billion (approximately HK$1,263.6 billion), while the transaction volume through smartphones also increased by 36% year-on-year to RMB 66 billion. US dollar (about 518 billion Hong Kong dollars).