PayPal Holdings, Inc. Announces Leadership Changes and Strategic Reorganization

PayPal Holdings, Inc. has announced a strategic reorganization and changes to its executive leadership team, effective June 2, 2026. Michelle Gill, EVP, General Manager of Small Business and Financial Services, and Diego Scotti, EVP, General Manager of Consumer Group, will be departing the company. In connection with Ms. Gill's departure, she will receive severance benefits under the Company's Executive Change in Control and Severance Plan. The reorganization aims to accelerate long-term growth priorities, streamline decision-making, and drive innovation by transitioning to a simplified three-business operating model: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto. New leadership appointments include Frank Keller as President of Checkout Solutions & PayPal, Alexis Sowa as interim lead for Consumer Financial Services & Venmo, Jeff Pomeroy as interim lead for Payment Services & Crypto, Antonio Lucio joining as Chief Marketing & Corporate Affairs Officer, and Anshu Bhardwaj appointed Chief AI Transformation & Simplification Officer. The company will provide further details during its earnings call on May 5. This announcement was made on April 29, 2026.