Joy Chik to Join PayPal's Board of Directors

Rhea-AI Summary

PayPal Holdings (NASDAQ: PYPL) announced the appointment of Joy Chik to its Board of Directors. Chik, currently serving as President of Identity and Network Access at Microsoft, brings over 26 years of corporate and board experience, leading Microsoft's multi-billion-dollar security business, Microsoft Entra.

CEO Alex Chriss emphasized PayPal's focus on increasing innovation velocity and AI integration across products. Chik's expertise in technology, AI, identity, and security aligns with PayPal's strategic shift from a payments platform to a full-stack commerce API.

Chik advises Fortune 500 executives and government agencies on digital transformation and cybersecurity. Her board experience includes previous service on Sierra Wireless Board of Directors and current membership on AnitaB.org's Board of Trustees since 2016.

Positive

• Appointment of experienced technology executive with AI and security expertise
• Strategic alignment with company's focus on AI integration and innovation
• Addition of leader managing multi-billion-dollar security business
• Brings extensive Fortune 500 and government advisory experience

Negative

• None.

SAN JOSE, Calif, March 10, 2025 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that Joy Chik has joined the company's Board of Directors. Joy brings more than 26 years of corporate and board experience scaling products, services, and teams on a global level. Joy currently serves as the President of Identity and Network Access at Microsoft and is responsible for leading the company's multi-billion-dollar security business, Microsoft Entra.

"PayPal is aiming to radically change commerce over the next decade by increasing our velocity of innovation and accelerating our integration of artificial intelligence across our product suite and the global enterprise," said Alex Chriss, President and CEO, PayPal. "Joy is an expert in technology and AI, and her counsel as a new member of the Board will help us harness cutting-edge technology as we deliver transformative solutions and personalized experiences to our hundreds of millions of customers worldwide."

"We are excited to welcome Joy to our Board of Directors," said Enrique Lores, Chair of PayPal's Board of Directors. "Joy brings extensive experience in AI, identity, and security that will be beneficial as the Board and management team drive PayPal's growth and innovation."

"I'm thrilled to be joining PayPal's Board of Directors at this exciting moment in the company's history," said Chik. "With the strategic shift from payments platform to full-stack commerce API, PayPal has significant runway to advance the company's mission and deliver significant shareholder value. I'm looking forward to working alongside Alex, Enrique, and the entire PayPal Board of Directors."

Drawing on her extensive career in the technology sector, Joy advises executives at global Fortune 500 companies, as well as U.S. and international government agencies, on digital transformation and cybersecurity. Her board experience includes both public companies and nonprofits, having previously served on the Sierra Wireless Board of Directors and currently serving as a member of the Board of Trustees for AnitaB.org since 2016.

About PayPal 
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com. 

Investor Relations Contact: 
investorrelations@paypal.com 

Media Relations Contact: 
mediarelations@paypal.com 

View original content:https://www.prnewswire.com/news-releases/joy-chik-to-join-paypals-board-of-directors-302397031.html

SOURCE PayPal Holdings, Inc.

FAQ

What expertise does Joy Chik bring to PayPal's (PYPL) Board of Directors?

Joy Chik brings 26 years of experience in scaling products and services globally, expertise in AI, identity, and security, and currently leads Microsoft's multi-billion-dollar security business, Microsoft Entra.

How does Joy Chik's appointment align with PayPal's (PYPL) strategic direction?

Her appointment aligns with PayPal's focus on increasing innovation velocity, accelerating AI integration across products, and supporting the company's transition from a payments platform to a full-stack commerce API.

What is Joy Chik's current role outside of PayPal's (PYPL) board position?

Joy Chik serves as the President of Identity and Network Access at Microsoft, leading their security business, Microsoft Entra.

What other board experience does PayPal's (PYPL) new director Joy Chik have?

Joy Chik previously served on Sierra Wireless Board of Directors and has been a Board of Trustees member for AnitaB.org since 2016.