PayPal Holdings, Inc. announced its Board of Directors intends to appoint Carmine Di Sibio, outgoing Global Chairman and CEO of EY, to the Board as an independent director, effective July 1, 2024. Di Sibio has been with EY, one of the largest professional services organizations in the world with more than 380,000 people in 150 countries, since 1985. He was named Global Chairman and CEO in 2019.

Prior to being elected to his current post, Carmine served as EY Global Managing Partner ? Client Service. Carmine has spearheaded EY's innovation efforts, including helping to create the Global Innovation team to redefine how EY uses technology to both transform existing services and create new solutions.

Since joining EY in 1985, he has served as an Advisory and Assurance partner for many of the firm's largest financial services accounts. He held several leadership positions, including Chair of the Global Financial Services Markets Executive and Regional Managing Partner for the Americas Financial Services Organization (FSO), where he started EY Risk Management and Regulatory Services.? Di Sibio previously announced he will retire from EY in June 2024.

In accordance with EY policy and practice, he is only able to join a public company board upon his retirement.? In addition, Belinda Johnson who has served as a director since 2017, has informed the company that she will retire from the Board and not stand for re-election at the 2024 Annual Meeting of Stockholders in May.