PayPal Holdings, Inc. announced that Alyssa Henry, former CEO of Block's Square business, has joined the company's Board of Directors. The company also announced that Gail J. 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 2026. Henry brings more than three decades of experience scaling global commerce, payments, and technology platforms. She most recently served as CEO of Square at Block and led the Square Seller business unit as Seller Lead prior to the corporate rebrand to Block.
She oversaw payments, software, and financial services solutions for millions of businesses worldwide. Prior to that, she held senior leadership roles at Amazon Web Services, helping scale it from infancy to a global leader in cloud infrastructure. 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.
