PayPal has appointed Enrique Lores as President and Chief Executive Officer, effective 1 March.
Lores, who has served on PayPal’s board for nearly five years and as Board Chair since July 2024, will succeed Alex Chriss.
To support the transition, Jamie Miller, Chief Financial and Operating Officer, will serve as Interim CEO until Lores assumes the role.
David W. Dorman has been appointed Independent Board Chair with immediate effect.
The appointment follows a board review of PayPal’s performance and competitive position. The board said that while the company made progress in several areas over the past two years, execution fell short of expectations.
Lores joins PayPal after more than six years as President and CEO of HP Inc., where he led a strategic shift beyond PCs and printing into services, subscriptions, and AI-enabled offerings.
He also played a central role in the HP–HPE separation, focusing on cost discipline and long-term innovation.
“Enrique is a proven leader with experience managing complex global transformations,”
said Dorman.
“His focus on execution and customer-led innovation positions PayPal well for its next phase.”
Lores said the company will focus on faster execution and consistent delivery, as technology, regulation, competition and AI reshape the payments industry.
“PayPal sits at the centre of this change, and I look forward to leading the team through its next stage.”
Featured image credit: Edited by Fintech News Switzerland, based on image by smartmalik6384 via Freepik
