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SAN JOSE, Calif. - PayPal Holdings, Inc. (NASDAQ:PYPL), a $71.5 billion market cap fintech leader, appointed Deirdre Stanley to its Board of Directors, the digital payments company announced Tuesday. According to InvestingPro data, PayPal maintains a "GOOD" overall financial health score, positioning it as a prominent player in the Financial Services industry.
Stanley most recently served as Executive Vice President and General Counsel at The Estée Lauder Companies, where she oversaw global legal strategy across approximately 150 countries. Her career spans nearly three decades in executive roles across consumer, media, and technology sectors. The appointment comes as PayPal continues its strong market performance, with analysts setting price targets ranging from $49 to $120 per share.
"Deirdre brings exactly the kind of global brand-building expertise and market insight we need to accelerate our innovation agenda," said Alex Chriss, President and CEO of PayPal.
Before joining Estée Lauder, Stanley spent 17 years as General Counsel at Thomson Reuters and its predecessor company. Her earlier experience includes leadership positions at InterActiveCorp/USA Networks (now IAC), where she served as both divisional general counsel and head of business development for the Electronic Commerce Solutions division.
Stanley also worked as Associate General Counsel for GTE Corporation, a Verizon predecessor, and began her career at law firm Cravath, Swaine and Moore. She currently serves as a director of Consolidated Edison, Inc.
"I’m honored to join PayPal’s Board of Directors during this transformative period in the company’s evolution," Stanley said.
Enrique Lores, Chair of PayPal’s Board, noted that Stanley brings "extensive expertise in consumer brands, technology, risk management and compliance, and complex business transactions."
The information in this article is based on a press release statement from PayPal.
In other recent news, PayPal announced plans to expand its PayPal USD (PYUSD) stablecoin to the Stellar blockchain network, pending regulatory approval. This move aims to leverage Stellar’s infrastructure for faster and lower-cost transactions, potentially enhancing cross-border payments and remittances. Additionally, PayPal has expanded its equity incentive plan by adding 15 million shares, following shareholder approval at the company’s Annual Meeting. This expansion is intended to provide flexibility in incentivizing and retaining employees through stock-based compensation.
In another development, PayPal has partnered with Selfbook to enhance hotel bookings by introducing PayPal and Venmo as payment options, including the Buy Now, Pay Later service. This partnership aims to streamline the hotel booking process and increase conversion rates for online travel payments. Furthermore, UBS maintained its Neutral rating on PayPal, emphasizing the different contributions of Total Payment Volume categories to gross profit, with Branded Checkout being a significant contributor.
Venmo, a PayPal subsidiary, has expanded its commerce capabilities, introducing new benefits for Venmo Debit Mastercard users. The platform now offers cash back rewards and enhanced features like tap-to-pay and international payments with no transaction fees. These developments highlight PayPal’s ongoing efforts to diversify and expand its financial services and partnerships.
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