Diego Scotti signs separation agreement; departure effective June 2, 2026

PayPal signed a separation and release agreement with Diego Scotti, EVP and General Manager of the Consumer Group, on May 20, 2026, with his departure effective June 2. He is eligible for severance under the company's executive change-in-control and severance plan for a termination without cause. The exit follows the April reorganization that split out Venmo and the consumer businesses.

• Agreement dated May 20, 2026; departure effective June 2, 2026
• Termination without cause, outside a change in control; severance eligibility under the executive severance plan
• Market coverage credits Scotti with Venmo's growth and the PayPal Ads launch