Mar 6, 2024 - Business

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

Photo illustration of Amy Bonitatibus surrounded by abstract shapes.

Photo illustration: Gabriella Turrisi/Axios. Photo: Courtesy of Paypal

PayPal has named Amy Bonitatibus as chief corporate affairs and communications officer, Axios first learned.

Why it matters: PayPal is undergoing its first management shakeup in a decade and it will lean on Bonitatibus to provide communications stability through the transition.

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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