Scoop: Wells Fargo's Amy Bonitatibus to join PayPal as chief corporate affairs and communications officer

Zoom in: Bonitatibus will report to Diego Scotti, PayPal's executive vice president, consumer group & global marketing and communications.

• She will manage the global communications team and social impact and sustainability efforts across all PayPal brands, including Venmo.
• She will succeed Franz Paasche who is departing PayPal after nearly a decade. Bonitatibus's tenure begins on May 28, 2024.

What they're saying: Bonitatibus — who previously held communications roles at Fannie Mae, Chase Bank and most recently served as chief communications officer at Wells Fargo — tells Axios that she runs towards challenging opportunities, not away from them.

• "It's an exciting time for PayPal as it transforms and evolves to meet the changing customer needs," says Bonitatibus.
• "During these moments, the ability to effectively define the narrative and amplify PayPal's mission and innovative work underway is critical," she added.

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