Following yet another successful year of growth for PayPal in the UK, Carl-Olav Scheible has been named as the new head of PayPal UK. The announcement follows strong first quarter 2007 figures with overall year-on-year growth reaching 31%.
PayPal's secure system enables safe and easy online shopping with one in three (35%) in the UK citing PayPal as their online payment method of choice, according to independent Forrester research.
Carl has moved quickly through the ranks at PayPal after joining in 2004. Originally, Carl was responsible for the strategy, growth and financial performance of PayPal's Merchant Services business which provides payment solutions to small and large eCommerce merchants. Prior to running Merchant Services, Carl was General Manager and responsible for PayPal's operations in six European countries. His new position of head of PayPal UK is an acknowledgement of his knowledge and successful positions undertaken at PayPal over the last few years.
Carl-Olav Scheible, Managing Director of PayPal UK comments: My time at PayPal has been challenging yet extremely rewarding and I'm delighted to be taking over as head of UK operations. PayPal has a great team and this has helped shape a successful few years and set us up for future growth. We already have a very strong presence in the UK, however we're looking to boost awareness of PayPal and get the hugely popular service more accessible for customers by being able to offer PayPal as a payment method on many more websites.
Replacing Carl as General Manager of the Merchant Services division will be Cameron McLean. Cameron joined PayPal through the acquisition of VeriSign Payment Services in October 2005 and he has over 10 years' payment and transactional services experience.
Last year, PayPal processed $8.4 billion** in payments throughout Europe with over 100,000 online merchants accepting PayPal. The list of merchants accepting PayPal as either an exclusive or optional payment method includes leading e-commerce sites such as Harrods, DHL, Meetic, Pixmania and Boots. 
