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PayPal Shakes Up Leadership: HP CEO Takes Helm
4 Feb
Summary
- Enrique Lores departs HP to lead PayPal starting March 1, 2026.
- Leadership change follows concerns over PayPal's pace of change.
- Lores aims to accelerate AI-driven innovation at PayPal.
Enrique Lores will step down as HP CEO and assume the role of PayPal CEO on March 1, 2026. He replaces Alex Chriss, who led PayPal for over two and a half years. The leadership change was prompted by board concerns regarding PayPal's "pace of change and execution."
Lores brings experience from his previous role at HP, where he steered the company towards services and subscriptions. He also has a history with PayPal, having served on its board for nearly five years. Lores expressed his commitment to "accelerate the delivery of new innovations" amid the fast-evolving payments landscape driven by AI and new regulations.
Alex Chriss stated that it was time for a "seasoned leader" to guide PayPal through its next transformation phase. His future plans remain undisclosed. This leadership shift at PayPal occurs amidst recent product updates and a relaunch in the UK, signaling potential for further developments.
