PayPal said the Board appointed Joy Chik as a new director on March 10, 2025, effective the same day. Chik currently serves as President of Identity and Network Access at Microsoft.

1. 01

   PayPal said the Board appointed Joy Chik as a new director on March 10, 2025, effective the same day. Chik currently serves as President of Identity and Network Access at Microsoft.

2. 02

   The company said Chik was appointed to fill a vacancy created by an increase in the Board's size from 11 to 12 members. As a non-employee director, Chik will receive compensation as described under Director Compensation in the definitive proxy statement filed on April 9, 2024.

3. 03

   The company also said the Board appointed Chik to the Audit, Risk and Compliance Committee, effective March 10, 2025. It said there is no arrangement or understanding with any other person under which Chik was appointed, and no transactions to be reported under Item 404(a).

4. 04

   In its press release, PayPal described Chik as having more than 26 years of corporate and board experience and as the leader of the Microsoft Entra security business. The company also said Chik previously served on the Sierra Wireless Board of Directors and has been a member of the Board of Trustees of AnitaB.org since 2016.

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Original filing

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