---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080896"
form_type: "8-K"
ticker: "PYPL"
cik: "0001633917"
company_name: "PayPal Holdings, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:13:33.513481+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PayPal plans to appoint outgoing EY CEO Carmine Di Sibio as director; Belinda Johnson to retire from board

## Summary
- Belinda Johnson to retire from PayPal board at May 2024 Annual Meeting; not standing for re-election.
- Board intends to appoint Carmine Di Sibio (outgoing EY Global Chair & CEO) as independent director effective July 1, 2024.
- Di Sibio, with EY since 1985, retires from EY in June 2024; joins board post-retirement per EY policy.
- Board to reduce size to 11 directors effective before the Annual Meeting.

## SEC filing metadata
- accession: 0001193125-24-080896
- form_type: 8-K
- ticker: PYPL
- cik: 0001633917
- company_name: PayPal Holdings, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633917/000119312524080896/0001193125-24-080896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633917/000119312524080896/d787879d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080896
- JSON: https://secwatch.observer/filing/0001193125-24-080896.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080896.txt

## Key facts
- Executive change
  Belinda Johnson departed as Director at PayPal Holdings, Inc..
  - Action: will not stand for re-election
  - Role: Director
  source text: On March 25, 2024, Belinda Johnson informed PayPal Holdings, Inc. (“PayPal” or the “Company”) that she will not stand for re-election to PayPal’s Board of Directors (“Board”) when her current term expires at PayPal’s 2024 Annual Meeting of Stockholders (“2024 Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633917/000119312524080896/0001193125-24-080896-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.