PayPal Holdings Inc.
PayPal Executive VP and Chief Product Officer to Depart
Summary
On January 20, 2025, PayPal, Inc. announced the departure of John Kim, its Executive Vice President and Chief Product Officer, effective March 31, 2025. The separation is in accordance with the terms of the PayPal Holdings, Inc. Executive Change in Control and Severance Plan, providing Mr. Kim with severance pay, Annual Incentive Plan bonus, health benefits, equity award treatment, and outplacement services. This event qualifies as a 'Qualifying Termination' under the Plan.
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About PayPal Holdings Inc.
PayPal Holdings Inc. is a prominent player in the digital payments industry, providing an essential service that facilitates online and mobile monetary transactions globally. As a leading payment solutions provider, PayPal enables individuals and businesses to send and receive funds with ease and security without sharing financial information with third parties. Its platform supports a variety of payment options, including credit cards, bank accounts, and stored digital balances. PayPal has significantly impacted the e-commerce sector, empowering businesses of all sizes to reach a global customer base. Additionally, it offers tailored financial solutions for merchants, including invoicing and working capital services. Operating in over 200 markets worldwide, PayPal plays a crucial role in the financial ecosystem by promoting digital payment adoption and financial inclusion. With its continuous technological advancements and partnerships with leading retail and tech companies, PayPal remains at the forefront of transforming how people conduct financial transactions in the digital age.
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