US EditionPayPal replaces CEO Chriss with HP’s Lores
Enrique Lores will become PayPal CEO on March 1, 2026, after the company missed Q4 earnings targets and lowered profit guidance, leading to a 17% share drop.
- PayPal's Board named Enrique Lores to succeed Alex Chriss, effective March 1, 2026, with Jamie Miller serving as interim CEO until then.
- The Board concluded execution lagged its expectations, citing lower-than-expected fourth-quarter financial results and full-year profit forecast, with David W. Dorman saying it 'was not in line with the Board's expectations'.
- PayPal reported key metrics showing shortfalls with adjusted EPS at $1.23 and revenue at $8.68 billion, below estimates, while online checkout growth slowed to 1%.
- Shares fell about 17.9% in premarket trading after the leadership change, with HP installing Bruce Broussard as interim CEO and Dorman becoming PayPal's chair.
- Enrique Lores brings extensive HP Inc. experience in services and AI to PayPal, with the Board prioritizing accelerated execution, restoring branded checkout momentum, and advancing the US bank application for small-business lending.
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87 Articles
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Poor quarterly figures for the payment service provider: The stock exchange punishes this and the boss is also replaced.
The US payment service provider gets a new boss: As of March, the previous HP boss Enrique Lores will be at the top of PayPal. Thus, the company reacts to a weak quarter and disappointed expectations.
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