PayPal CFO Blake Jorgensen to depart after leave of absence
JasonDoiy


Following a leave of absence for health reasons, PayPal Holdings (NASDAQ:PYPL) Chief Financial Officer Blake Jorgensen will step down from his role, effective immediately, the payment tech company said in an SEC filing on Tuesday.
His decision to leave didn't reflect any dispute or disagreement with the company, PayPal (PYPL) said. He'll serve as a senior adviser to the company through Sept. 15, 2023, and his compensation will remain unchanged during that time.

Gabrielle Rabinovitch, who was named acting CFO when Jorgensen started his leave of absence in September, will continue in that role, the company said.
Jorgensen was named CFO effective Aug. 3, 2022.
He will get severance benefits. He entered into a separation agreement on March 3, 2023, "which in exchange for a release of claims and other valuable consideration, provides for the payment of severance benefits," the company said.
The departure comes after CEO Dan Schulman announced in February that he'll retire from PayPal (PYPL) on Dec. 31, 2023.