On March 25, 2026, PayPal Holdings, Inc. announced the appointment of Alyssa H. Henry to its Board of Directors, effective immediately. Henry, the former CEO of Block Inc.'s Square business, fills a vacancy created by the expansion of the Board from 11 to 12 members. She will also serve on the Compensation Committee and Risk and Compliance Committee. Henry brings over three decades of experience in scaling global commerce and technology platforms, having previously held senior roles at Amazon Web Services. Enrique Lores, PayPal's President and CEO, expressed enthusiasm about Henry's appointment, highlighting her expertise in payments ecosystems as critical for the company's growth strategy. Concurrently, Gail J. McGovern, who has been on the Board since 2015, announced she will not seek re-election at the upcoming Annual Meeting of Stockholders in May 2026. McGovern's decision was not due to any disagreements with the company. The Board will reduce its size back to 11 members following her departure. The company has acknowledged McGovern's contributions over the past decade, noting her impact on shaping PayPal's mission as an independent entity. The changes in leadership are expected to enhance PayPal's strategic direction and operational execution as it continues to navigate the evolving payments landscape.

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