Paypal Holdings Inc (NASDAQ:PYPL) Engages Ann M. Sarnoff To Its Board


Paypal Holdings Inc (NASDAQ:PYPL) has engaged Ann M. Sarnoff to its Board. She is a seasoned media executive with a track record of creating unique joint ventures and partnerships across the media industry. Sarnoff will serve on Audit, Risk & Compliance Committee. Her recruitment was effective June 27, 2017.

The detail

Paypal reported that Sarnoff serves as the President of BBC Worldwide – Americas, the key commercial arm and subsidiary firm of the public service broadcaster BBC, which works in the Americas. She drives profit and growth across the firm’s business segments, and oversees the augmentation of BBC global brands Doctor Who, Planet Earth II, Dancing with the Stars, BBC Earth and Top Gear. She was made President in 2015.

Prior to BBC Worldwide, Sarnoff served as President of Dow Jones Ventures and SVP of Strategy. She has held roles as the COO for the WNBA and spent 10 years at Viacom as Nickelodeon’s EVP for Consumer Products and Business Development. She has also worked as Chief Operating Officer for CMT and VH1. While at Viacom she assisted introduce new cable channels and develop Nickelodeon consumer offerings into a multi-billion-dollar operation at retail.

Dan Schulman, the CEO and President of PayPal, reported that he along with their team in welcoming Sarnoff to their Board. He impressive track record and experience of forging joint ventures and partnerships to drive growth and profitability, and developing consumer-driven businesses, goes well with their plan. They are successfully forging associations across their ecosystem to provide their consumers more choice in how and where they can compensate with PayPal.

On her new role, Sarnoff said that she is honored and delighted to serve on PayPal board, particularly during the transformative period for the financial services and payments industries. She looks forward to working with PayPal leadership and the Board to contribute to the firm’s business and partnership plan, and focus on consumer engagement and insights to support PayPal’s objective to democratize financial services for customers and drive the international transition to digital payments from cash.

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