PayPal (PYPL) announced that Alyssa Henry, former CEO of Block’s (XYZ) Square business, has joined the company’s Board of Directors. The company also announced that Gail McGovern, who has served on the Board since 2015, will not stand for re-election at PayPal’s upcoming Annual Meeting of Stockholders in May. With this appointment, PayPal’s Board will consist of 12 directors, 11 of whom are independent. Independent Director Ann Sarnoff will succeed McGovern as chair of the Corporate Governance and Nominating Committee of PayPal’s Board following the upcoming Annual Meeting.
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