PayPal plans to appoint Ernst & Young CEO Carmine Di Sibio as a board member

ChainCatcher news, PayPal announced that the company's board of directors intends to appoint the outgoing global chairman and CEO of Ernst & Young, Carmine Di Sibio, as an independent director of the board, effective July 1, 2024.

Di Sibio previously announced that he would retire from Ernst & Young in June 2024. According to Ernst & Young's policies and practices, he can only join the board of a publicly traded company after his retirement.