The digital payments giant disclosed late Monday that its chief accounting officer has resigned to take a job with another company
The exit is another blow to PayPal, the digital payments pioneer that has been seeking to adjust its business strategy after falling short of growth goals in 2022 and coming under pressure from new investors last year.
Rabinovitch’s finance duties are mounting. She became acting CFO last September when PayPal CFO Blake Jorgensen took a leave of absence for medical reasons. It’s not clear when Jorgensen will return. Rabinovitch is also senior vice president of investor relations and treasurer.
Jorgensen was hired at PayPal after the company’s long-time CFO, John Rainey, left the company to take the CFO post at Walmart in April 2022. That was just as PayPal was adjusting its outlook after missing targets for increasing new user accounts.
Some analysts have suggested that PayPal CEO Dan Schulman may also exit this year, though the company has dismissed that suggestion as speculation.
By Lynne Marek on Jan 10, 2023
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