PayPal Appoints Enrique Lores as New Independent Board Chair

Leadership Change - Enrique Lores appointed as new Independent Chair of PayPal's Board of Directors, succeeding John Donahoe who is retiring after serving since 2015 [1] - Lores has been President and CEO of HP Inc and served on PayPal's Board since June 2021 [1] - Alex Chriss, President and CEO of PayPal, praised Lores' expertise in consumer and enterprise technology and his experience in transforming HP [1] - Donahoe expressed confidence in Lores' ability to lead PayPal's Board and guide the company's future success [1] Company Overview - PayPal has been revolutionizing global commerce for over 25 years [2] - The company creates innovative experiences to make moving money, selling, and shopping simple, personalized, and secure [2] - PayPal operates in approximately 200 markets, empowering consumers and businesses to thrive in the global economy [2]