PayPal Chief Operating Officer Bill Ready is leaving the company at the end of the year, PayPal announced via a statement issued on Thursday. The exec had first joined PayPal when it acquired his startup, the payments gateway Braintree back in 2013 for $800 million in cash. He became PayPal’s COO a few years later, in 2016. According to PayPal, Ready is interested in pursuing other entrepreneurial interests outside of the company.
At PayPal, Ready drives product, technology, and engineering, including the customer experiences for PayPal’s consumer and merchant businesses as well as Venmo, Braintree, Paydiant, and Xoom businesses. As COO, he was a senior member of the executive team responsible for helping drive revenue and profit goals for the company.