{"id":18394,"date":"2026-02-03T15:12:27","date_gmt":"2026-02-03T15:12:27","guid":{"rendered":"https:\/\/microvibenews.com\/?p=18394"},"modified":"2026-02-03T15:12:27","modified_gmt":"2026-02-03T15:12:27","slug":"paypal-hires-hps-enrique-lores-as-its-new-ceo","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=18394","title":{"rendered":"PayPal hires HP&#8217;s Enrique Lores as its new CEO"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">PayPal said on Tuesday it is hiring HP\u2019s Enrique Lores as its CEO and President, replacing current chief executive, Alex Chriss. Lores, who has been the chair of PayPal\u2019s board since July 2024, will also take up the role of president.<\/p>\n<p class=\"wp-block-paragraph\">PayPal <a rel=\"nofollow\" href=\"https:\/\/newsroom.paypal-corp.com\/2026-02-03-PayPal-Appoints-Enrique-Lores-as-Chief-Executive-Officer-and-David-W-Dorman-as-Independent-Board-Chair\">said<\/a> the appointment was made because company\u2019s pace of change and execution was \u201cnot in line with the Board\u2019s expectations\u201d given broader market trends.<\/p>\n<p class=\"wp-block-paragraph\">Chriss joined PayPal in September 2023 from Ituit, succeeding Dan Schulman. PayPal\u2019s CFO and COO, Jamie Miller, will take over as interim CEO until Lores joins the company.<\/p>\n<p class=\"wp-block-paragraph\">The appointment comes as PayPal on Tuesday reported lower-than-expected revenue and profit in the fourth quarter, as consumer spending dipped amid a broader cost of living crisis and a softening labor market. The company also forecast a dip in its full-year profit, which surprised investors, as Wall Street had broadly expected the company to forecast growth instead. <\/p>\n<p class=\"wp-block-paragraph\">PayPal\u2019s shares were down about 17.9% in premarket trading on Tuesday.<\/p>\n<p class=\"wp-block-paragraph\">Lores, who served as President and CEO of HP for over six years, said that apart from product innovation, PayPal will hold itself accountable for delivering quarterly accounts.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThe payments industry is changing faster than ever, driven by new technologies, evolving regulations, an increasingly competitive landscape, and the rapid acceleration of AI that is reshaping commerce daily. PayPal sits at the center of this change, and I look forward to leading the team to accelerate the delivery of new innovations and to shape the future of digital payments and commerce,\u201d Lores said in a statement.<\/p>\n<div class=\"wp-block-techcrunch-inline-cta\">\n<div class=\"inline-cta__wrapper\">\n<p>Techcrunch event<\/p>\n<div class=\"inline-cta__content\">\n<p>\n\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__location\">Boston, MA<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__separator\">|<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"inline-cta__date\">June 23, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2026\/02\/03\/paypal-hires-hps-enrique-lores-as-its-new-ceo\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PayPal said on Tuesday it is h&hellip; <\/p>\n","protected":false},"author":1,"featured_media":18395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[249],"tags":[526,2963,11563],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/18394"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18394"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/18394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/18395"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}