PayPal Appoints Wences Casares to its Board of Directors
SAN JOSE, Calif.--(BUSINESS WIRE)--
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced it has appointed
Wences Casares to its Board of Directors. A successful international
fintech entrepreneur and recognized next-generation payment and
crypto-currency thought leader, Casares will serve on PayPal's
Compensation Committee. His appointment was effective January 12, 2016.
Casares is the founder and CEO of Xapo, a company that provides the
tools people need to purchase bitcoins and then manage them through an
easy-to-use online wallet, spend them through the Xapo Debit Card or
store them in Xapo's secure Vault.
"I join PayPal's directors and the entire PayPal team in welcoming
Wences to our Board," said Dan Schulman, President and CEO of PayPal.
"Wences's unique line of sight into the future of commerce is ideally
aligned with PayPal's vision of transforming the management and movement
of money for people around the globe."
"I am honored to serve on the board of an iconic global company
dedicated to driving the transformation of money on a global scale,"
Casares said. "I look forward to working together with the PayPal board
and leadership team to continue to deliver their compelling vision."
Casares has founded successful technology and financial ventures in the
U.S., South America and Europe. He founded Argentina's first ISP as well
as Latin America's premier online brokerage, Patagon. He later founded
Banco Lemon, a Brazilian retail bank, as well as mobile payments
companies Bling Nation and Lemon Wallet, which was acquired in 2013.
Casares, 41, is a member of the Young Presidents' Organization and an
elected member of the World Economic Forum's "Global Leaders of
Tomorrow" Class of 2001. Casares completed the Harvard Business School's Owner/President
Management (OPM) program in 2003. Casares also sits on the boards of
directors of non-profit organizations Kiva and Endeavor.
Adding Casares will increase PayPal's board to 9 members.
At PayPal (Nasdaq:PYPL), we put people at the center of everything we
do. Founded in 1998, we continue to be at the forefront of the digital
payments revolution. Last year we processed 4 billion payments, of which
1 billion were made on mobile devices. PayPal gives people better ways
to connect to their money and to each other, helping them safely access
and move their money and offering a choice of how they would like to pay
or be paid. With our 173 million active customer accounts, we have
created an open and secure payments ecosystem that people and businesses
choose to securely transact with each other online, in stores and on
mobile devices. PayPal is a truly global payments platform that is
available to people in 203 markets, allowing customers to get paid in
more than 100 currencies, withdraw funds to their bank accounts in 57
currencies and hold balances in their PayPal accounts in 26 currencies.
For more information on PayPal, visit https://about.paypal-corp.com.
For PYPL financial information visit https://investor.paypal-corp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160113005322/en/
PayPal Investor Relations Contact:
Director, Investor Relations
Media Relations Contact:
Martha Cass, 416-860-6213
Director, Corporate Communications
Source: PayPal Holdings, Inc.
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