PayPal CFO Blake Jorgensen to step down following leave of absence

PayPal Holdings Inc. mentioned Chief Financial Officer Blake Jorgensen will step down following a go away of absence for well being causes, amid a shuffle of higher administration on the online-payments platform.

Gabrielle Rabinovitch, who was named appearing chief monetary officer when Jorgensen’s go away of absence started in September, will proceed in that position, PayPal mentioned in an announcement. She can be treasurer, and senior vice chairman of investor relations.

Last month, PayPal mentioned longtime Chief Executive Officer Dan Schulman will retire at year-end. Schulman, 65, will proceed to work with the board, which is enlisting a search agency to discover a successor. Other high-profile executives have departed, together with finance chief John Rainey, Venmo head Darrell Esch and omni funds chief Jim Magats.

Jorgensen was CFO solely since August, after Rainey had decamped for Walmart Inc. He will stay with the corporate as a senior adviser by Sept. 15, in response to the assertion.

Rabinovitch has been at PayPal since 2016, her LinkedIn profile reveals. Before that, she was an investor-relations govt at Williams-Sonoma Inc., and had labored at corporations together with Bank of America Corp. and Morgan Stanley, PayPal mentioned.

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