Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Acting Chief Financial Officer
On September 14, 2022, PayPal Holdings, Inc. (the "Company") announced that
Blake Jorgensen, Executive Vice President and Chief Financial Officer, is taking
a leave of absence for health reasons. The Board of Directors has appointed
Gabrielle Rabinovitch to serve as the Company's acting Chief Financial Officer
and perform the duties of the principal financial officer of the Company,
effective immediately. Ms. Rabinovitch, age 43, joined the Company in April
2016. She currently serves as the Company's Senior Vice President, Capital
Markets, Investor Relations and Treasurer. Previously, she served as the
Company's interim Chief Financial Officer from May 2022 to August 2022, and as
Senior Vice President, Corporate Finance and Investor Relations from September
2021 to September 2022. Prior to that, Ms. Rabinovitch served as the Company's
Vice President, Investor Relations.
The selection of Ms. Rabinovitch to serve as acting Chief Financial Officer was
not pursuant to any arrangement or understanding with respect to any other
person. There are no family relationships between Ms. Rabinovitch and any
director or executive officer of the Company, and there are no transactions
between Ms. Rabinovitch and the Company that would be required to be reported
under Item 404(a) of Regulation S-K.
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