SAN FRANCISCO: Payment processing software company Stripe has tapped former LinkedIn CMO Shannon Brayton to be its head of communications.
Starting January 25, Brayton will report to Stripe cofounder and president John Collison. The company began looking to fill the role in May 2019, according to a note Collison sent to employees Tuesday.
"[Brayton's] experience in running communications functions at scale and shaping corporate narratives for some of the most impressive Silicon Valley companies will be invaluable to us as we grow," he said in the email.
Before taking a year-long hiatus to maintain board positions at Relativity, Quizlet and Vidyard, Brayton was CMO at LinkedIn, where she navigated the professional networking site through its IPO in 2011. Melissa Selcher replaced her as LinkedIn CMO early last year.
Previously, Brayton was senior director of corporate communications at OpenTable, again managing all IPO-related communications when the company went public in 2009.
Before that, she worked at eBay for six years in various roles, most recently as VP of corporate communications. Earlier in her career, Brayton worked at Yahoo as senior manager of corporate communications.
Brayton has been a multi-time member of PRWeek’s Power List, ranking No. 18 in 2018.
Stripe, last valued at $36 billion, is reportedly chasing a new valuation of up to $100 billion in the next two years, according to Bloomberg. But cofounders John and Patrick Collison have not spoken about holding an initial public offering yet.
Following last week’s chaos at the U.S. Capitol, Stripe stopped processing payments for President Donald Trump's campaign.