SAN
JOSE, Calif., July 24,
2024 /PRNewswire/ -- PayPal Holdings, Inc.
(NASDAQ: PYPL) today announced that Enrique Lores has been
appointed the new Independent Chair of its Board of Directors. He
succeeds John Donahoe, who is
retiring from the PayPal Board after serving as Board Chair since
2015. Lores, President and CEO of HP Inc., has served on the Board
since June 2021.
"Enrique's deep expertise in consumer and enterprise technology
has been invaluable to PayPal, and I know that his experience
leading and transforming HP into an industry disruptor will
continue to serve the Board and the company well in his new role as
Board Chair," said Alex Chriss,
President and CEO, PayPal. "I also want to thank John for his
incredible contributions to PayPal as Board Chair. John's strategic
direction and steady leadership over the last nine years
strengthened our company's foundation as a leader in digital
commerce."
"It's a privilege to take on the role of Board Chair at such an
exciting time for PayPal," said Lores. "I look forward to
continuing to work closely with the Board, Alex, and the entire
PayPal leadership team to deliver exceptional results for our
customers and stockholders."
"It's been an honor to be a part of PayPal's story for the past
16 years, first as CEO of eBay and as PayPal's Board Chair for the
past nine years," said Donahoe. "Enrique's expertise in corporate
transformation and broad understanding of the technology ecosystem
makes him an ideal next Chair to work with the rest of the Board
and Alex as PayPal continues to define its next chapter. I'm
incredibly optimistic about the future of PayPal and know the
Board, under Enrique's leadership, will help guide the company to
continued success."
About PayPal
PayPal has been revolutionizing commerce globally for more than 25
years. Creating innovative experiences that make moving money,
selling, and shopping simple, personalized, and secure, PayPal
empowers consumers and businesses in approximately 200 markets to
join and thrive in the global economy. For more information, visit
https://www.paypal.com, https://about.pypl.com, and
https://investor.pypl.com.
Investor Relations Contact:
investorrelations@paypal.com
Media Relations Contact:
mediarelations@paypal.com
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SOURCE PayPal Holdings, Inc.
