After more than three decades at HP Inc., Enrique Lores will step down effective March 1, 2026, to become President and CEO of PayPal, as HP names Bruce Broussard interim chief executive and reaffirms its fiscal 2026 outlook.
PALO ALTO | California – February 2026 — HP Inc. today announced a leadership transition as Enrique Lores, President and Chief Executive Officer, will step down effective March 1, 2026, to become President and Chief Executive Officer of PayPal.
Lores, a 36-year veteran of HP who has led the company since 2019, succeeds Alex Chriss, who is departing PayPal after approximately two and a half years amid investor concerns tied to execution, earnings guidance, and prolonged share-price underperformance.
HP’s Board of Directors has appointed Bruce Broussard, an HP board member since 2021, as Interim President and CEO, while the company conducts a search for a permanent successor. HP reaffirmed its first-quarter performance and fiscal 2026 outlook, emphasizing continuity in strategy and operations during the transition.
At PayPal, the Board cited Lores’ operational discipline, board-level familiarity, and execution track record as key factors behind the appointment. Lores has served on PayPal’s board for the past five years and was selected to accelerate innovation, strengthen branded checkout, and drive growth across core services, including Venmo. The announcement followed PayPal’s release of weaker-than-expected fourth-quarter results and lower 2026 earnings guidance, which contributed to a sharp decline in the company’s share price in premarket trading.
“This unique opportunity allows me to lead a major transformation in the rapidly changing global payments industry,” Lores said in a statement regarding his move to PayPal.
During his tenure at HP, Lores oversaw the company’s repositioning as an AI-focused workplace technology provider while defending and extending its core PC and print franchises. His leadership spanned a challenging period for the global hardware market and included organizational restructuring initiatives aimed at long-term competitiveness.
HP Board Chair Chip Bergh thanked Lores for his leadership, crediting him with guiding HP through a period of transformation and helping position the company to execute its Future of Work strategy. Bergh expressed confidence in Broussard’s ability to provide stability and continuity during the CEO search process.
“I am honored to serve as Interim CEO,” Broussard said. “As we begin fiscal 2026, we will continue to advance the One HP platform, deliver technology that enables growth for our customers, and create sustained value for shareholders.”
HP also announced it will host a live audio webcast to review financial results for the first fiscal quarter ended January 31, 2026, on Tuesday, February 24, 2026, with details available through HP’s Investor Relations website.
English 
French 