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On March 7, 2023, PayPal Holdings, Inc (NASDAQ: PYPL) said CFO Blake Jorgensen would immediately step down.
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Jorgensen will remain as a senior advisor through September 15, 2023.
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Jorgensen’s decision does not reflect any dispute or disagreement with the Company.
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Gabrielle Rabinovitch will continue to serve as acting CFO.
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The departure followed a leave of absence for health reasons amid a shuffle of upper management at the online-payments platform, Bloomberg reports.
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In February, CEO Dan Schulman shared plans to retire from PayPal on December 31, 2023. The Board will retain a search firm to help find Schulman’s successor.
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In February, PayPal reported fourth-quarter revenue growth of 7% year-over-year to $7.38 billion, which missed average analyst estimates of $7.39 billion.
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The quarterly earnings of $1.24 per share beat consensus estimates of $1.20.
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Price Actions: PYPL shares traded lower by 0.28% at $74.71 premarket on the last check Wednesday.
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This article PayPal Loses CFO Blake Jorgensen, Gabrielle Rabinovitch To Continue As Acting Finance Chief originally appeared on Benzinga.com
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