Summary by Moomoo AI
PayPal Holdings, Inc. announced the appointment of Carmine Di Sibio to its Board of Directors, effective July 1, 2024. The appointment was made on June 25, 2024, and will fill a newly created position, expanding the Board from 11 to 12 members. Di Sibio's term is set to expire at the company's 2025 annual meeting of stockholders. In addition to his role as a director, Di Sibio will join the Audit, Risk and Compliance Committee starting July 1, 2024. The company's proxy statement filed on April 9, 2024, details the compensation for non-employee directors like Di Sibio. There are no reported arrangements or understandings between Di Sibio and any other persons regarding his appointment, nor are there any transactions requiring disclosure under Regulation S‑K.