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PayPal CFO Blake Jorgensen Takes Medical Leave

September 14, 2022

Effective September 14, 2022, Blake Jorgensen, the Executive Vice President and Chief Financial Officer of PayPal Holdings, Inc. (NASDAQ: PYPL), is taking a leave of absence for health reasons.

The Board of Directors has appointed Gabrielle Rabinovitch to serve as acting Chief Financial Officer and perform the duties of the principal financial officer of the company, effective immediately. In addition to serving as acting Chief Financial Officer, Ms. Rabinovitch will continue to serve as Senior Vice President, Capital Markets, Investor Relations and Treasurer. Ms. Rabinovitch served as PayPal’s interim Chief Financial Officer prior to Mr. Jorgensen joining the company in August.

Below is a note PayPal President and CEO Dan Schulman shared with employees:

I want to share with you the news that Blake Jorgensen, our colleague and Chief Financial Officer, will be taking a leave of absence from PayPal to address a treatable medical condition. Blake has been fully immersed in serving the company during his first months as CFO. We are looking forward to Blake returning to his role following his recovery.

During Blake’s leave, Gabrielle Rabinovitch will step in as acting Chief Financial Officer, starting today. Gabrielle did a tremendous job as interim CFO, and the Board and I have the utmost confidence in her ability to step in for Blake to serve PayPal.

While we will all miss Blake during his leave, wellness is one of our core values and I believe deeply that doing what is needed to prioritize health and wellness must always take precedence. I know I speak for our entire PayPal community in wishing Blake a full recovery and good health.