PayPal Appoints Carmine Di Sibio to Board

PayPal Holdings, Inc. (NASDAQ: PYPL) has announced its intention to appoint Carmine Di Sibio, the outgoing Global Chairman and CEO of EY, to its board of directors as an independent director, effective July 1, 2024. Di Sibio, who has been with EY since 1985 and served as its Global Chairman and CEO since 2019, brings a wealth of experience in driving innovation and advising regulated financial companies to the table.

Belinda Johnson, who has been a director since 2017, will retire from the board and not stand for re-election at the 2024 annual meeting of stockholders in May. Johnson's departure from the board has been acknowledged by John Donahoe, the chair of the PayPal board of directors, who expressed gratitude for her contributions and service over the past seven years.

The market has reacted to these announcements by moving the company's shares 0.6% to a price of $66.99. If you want to know more, read the company's complete 8-K report here.

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