Summary
This 8-K filing from PayPal Holdings, Inc. announces the resignation of its Vice President and Chief Accounting Officer, Jeffrey Karbowski, effective February 10, 2023. Mr. Karbowski is leaving to pursue another opportunity, and his departure is stated to be without any dispute or disagreement with the company. This change in a key financial reporting role may be of interest to investors concerned with financial oversight and stability.
Key Highlights
- 1Chief Accounting Officer Jeffrey Karbowski is resigning, effective February 10, 2023.
- 2The resignation is for the purpose of pursuing another opportunity.
- 3The company explicitly states there are no disputes or disagreements related to Mr. Karbowski's departure.
- 4Gabrielle Rabinovitch, currently Acting CFO and SVP, Investor Relations and Treasurer, will serve as the interim principal accounting officer.
- 5This marks a change in a senior financial leadership position within PayPal.
Frequently Asked Questions
Jeffrey Karbowski is resigning to pursue another opportunity outside of PayPal.
No, the company has stated that his resignation does not reflect any dispute or disagreement with PayPal.
Gabrielle Rabinovitch, who currently holds the positions of Acting Chief Financial Officer and SVP, Investor Relations and Treasurer, will serve as the interim principal accounting officer.
His resignation is effective February 10, 2023.