PayPal has appointed Alyssa Henry, the former chief executive of Block’s Square business, to its board of directors, while long-serving director Gail J. McGovern will step down at the company’s upcoming annual meeting.
Henry has more than 30 years of experience scaling payments, commerce and cloud-infrastructure businesses.
She previously led Square’s seller organisation and held senior leadership roles at Amazon Web Services during its expansion into a global cloud-computing platform.
PayPal President and CEO Enrique Lores commented: “We’re thrilled to welcome Alyssa to the PayPal Board,” adding that her background in omnichannel payments and merchant platforms will support the firm’s growth strategy.
David Dorman, Chair of the Board, stated: “Alyssa’s track record of driving growth through product innovation and disciplined execution makes her an outstanding addition to our Board.”
Henry said PayPal’s “global scale, trusted brands, and powerful two-sided network” position the company to drive the future of digital commerce.
With Henry’s appointment, PayPal’s board will comprise 12 directors, 11 of whom are independent.
The company also thanked McGovern for her decade-long service and confirmed that independent director Ann Sarnoff will become chair of the Corporate Governance and Nominating Committee following the annual meeting.
