PayPal announced the appointment of Alyssa H. Henry, former CEO of Block Inc.'s Square business, to its Board of Directors, effective March 25, 2026. The company also disclosed that Gail J. McGovern, a board member since 2015, will not stand for re-election at the 2026 Annual Meeting of Stockholders.
Key Details
- New Director: Alyssa H. Henry, former CEO of Block Inc. (Square), was appointed to the Board of Directors, bringing extensive experience in scaling commerce, payments, and technology platforms.
- Board Composition: The Board size was increased from 11 to 12 members to facilitate the appointment. It will be reduced back to 11 following Ms. McGovern's retirement at the 2026 Annual Meeting.
- Director Retirement: Gail J. McGovern informed the company on March 20, 2026, of her decision not to seek re-election. Her departure is not due to any disagreement with the company.
- Committee Appointments: Ms. Henry was appointed to the Compensation Committee and the Risk and Compliance Committee, effective March 25, 2026.