Pacific Mutual Holding Company Announces Appointment of Louise Pentland of PayPal, Inc. to its Board of Directors

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life announced today that Louise Pentland, executive vice president and chief business affairs and legal officer of PayPal, Inc., has been appointed to the board of Pacific Mutual Holding Company, the ultimate parent company of Pacific Life Insurance Company. She began her term on August 1, 2020.

Ms. Pentland is PayPal’s executive vice president and chief business affairs and legal officer, having joined the company in 2015. She oversees the company’s financial, regulatory and legal requirements, as well as the corporate affairs and human resources functions. Since joining the company, Ms. Pentland has been instrumental in shaping PayPal’s culture, driving leadership excellence, training, workforce planning, employee financial health, and diversity and inclusion initiatives. Under her leadership, PayPal has expanded its employee engagement opportunities aligned with the company’s mission, vision and values, including legal pro bono efforts, which serves the needs of global communities. Prior to joining PayPal, Ms. Pentland served as executive vice president and chief legal officer at Nokia Corporation, where she led global teams operating in more than 30 countries.

“Louise brings rich experience from innovative industries to our board,” said Jim Morris, chairman, president and CEO of Pacific Life. “She has showcased impressive leadership and business acumen at significant and highly-regarded companies. We look forward to her valuable contributions to the board.”

About Pacific Life

For more than 150 years, Pacific Life has helped millions of individuals and families with their financial needs through a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Whether your goal is to protect loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that provide value and financial security for current and future generations. Pacific Life counts more than half of the 100 largest U.S. companies as its clients and has been named one of the 2020 World’s Most Ethical Companies® by the Ethisphere Institute. For additional company information, including current financial- strength ratings, visit www.PacificLife.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2020 is compiled by Pacific Life using the 2020 FORTUNE 500® list.