PayPal appoints former HP CEO Enrique Lores as new CEO, effective March 1

GateNewsBot

2026-02-04 07:53:05

ChainCatcher News, PayPal announces the appointment of Enrique Lores as President and CEO, effective March 1, 2026, succeeding Alex Chriss. PayPal’s Chief Financial and Operating Officer Jamie Miller will serve as interim CEO until Lores takes over, and David Dorman will immediately serve as Chairman of the Independent Board.

The PayPal Board of Directors stated that the company’s transformation and execution speed over the past two years did not meet the expectations of the Board. Lores previously served as President and CEO of HP for over six years, leading the company’s shift from PC and printing businesses to services, subscriptions, and AI products. Meanwhile, PayPal reported adjusted earnings per share of $1.23 and revenue of $8.68 billion, both below analyst expectations, causing the stock to drop 16% in pre-market trading.

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