Summary by Moomoo AI
PayPal Holdings announced the appointment of Carmine Di Sibio to its Board of Directors, effective July 1, 2024. The appointment expands the Board size from 11 to 12 members, with Di Sibio's term set to expire at the company's 2025 annual meeting of stockholders.Di Sibio will serve as a non-employee director and has been appointed to the Board's Audit, Risk and Compliance Committee. He will receive standard non-employee director compensation as outlined in the company's April 9, 2024 proxy statement. The company confirmed there are no special arrangements or reportable transactions between Di Sibio and PayPal regarding his appointment.
