PayPal adds former Block CEO Alyssa Henry to board; McGovern not seeking re-election
On March 25, 2026, PayPal's board appointed Alyssa H. Henry, former Chief Executive Officer of Block Inc., as a director, increasing the board from 11 to 12 seats. Director Gail J. McGovern, who informed the company on March 20, 2026 that she will not stand for re-election, leaves the board when her term ends at the 2026 Annual Meeting, and the board will return to 11 directors at that point.
Key points
- Henry's appointment is effective March 25, 2026, and she joins the Compensation Committee and Risk and Compliance Committee.
- McGovern informed the company on March 20, 2026 that she will not seek re-election; the filing says her decision was not a result of any disagreement with the company.
- The board will be reduced to 11 directors effective immediately before the 2026 Annual Meeting of Stockholders.
- Ann Sarnoff will succeed McGovern as chair of the Corporate Governance and Nominating Committee after the Annual Meeting.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.