Brands
PayPal names Enrique Lores chief executive in board-led reset
SAN JOSE: PayPal has appointed Enrique Lores as its new president and chief executive officer, effective 1 March, 2026, signalling a leadership reset as the board pushes for faster transformation and sharper execution.
Lores, who has served on PayPal’s board for nearly five years and as board chair since July 2024, succeeds Alex Chriss. Chief financial and operating officer Jamie Miller, will act as interim chief executive until Lores formally assumes the role. David W. Dorman has been named independent board chair with immediate effect.
The decision follows an extensive board review of PayPal’s competitive position and progress. While the company has made gains in recent years, directors said the pace of change had fallen short of expectations in a rapidly evolving payments landscape.
Dorman described Lores as a customer-focused leader with a strong record of driving complex global transformations.
Lores joins PayPal after more than six years as president and chief executive of HP Inc, where he steered the company beyond its traditional PC and printing businesses into services, subscriptions and AI-enabled workplace solutions. He also played a central role in the HP and Hewlett-Packard Enterprise separation, strengthening operational discipline and long-term innovation.
In his first remarks, Lores said PayPal would accelerate innovation while improving speed, accountability and execution, as digital payments face disruption from new technologies, regulation and intensifying competition.
The board thanked outgoing chief executive Alex Chriss for his tenure, highlighting progress in monetising Venmo and expanding the buy-now-pay-later business while modernising the platform.
