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

PayPal announced 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 office, and David Dorman will immediately assume the role of independent board chair.

The PayPal board stated that the pace of transformation and execution at the company over the past two years has not met the board's expectations. Lores served as President and CEO of HP for over six years, leading the company from a focus on PCs and printing to services, subscriptions, and artificial intelligence products. Meanwhile, PayPal reported adjusted earnings per share of $1.23 and revenue of $8.68 billion, both of which missed analysts' expectations, causing the stock to drop 16% in pre-market trading.