PayPal has appointed Enrique Lores as president and CEO, effective March 1. Lores, who has served on the PayPal board for nearly five years and as chair since July 2024, succeeds Alex Chriss. CFOO Jamie Miller will serve as interim CEO until Lores assumes the role. David W. Dorman has been appointed as independent board chair, effective immediately.
“Enrique is widely recognized as a visionary leader who prioritizes customer-centric innovation with demonstrable impact. His strong track record leading complex transformations and disciplined execution on a global basis will ensure PayPal maintains its leadership of the dynamic payments industry now and into the future,” said Dorman. “I look forward to continuing to work with the board and supporting Enrique as he takes on the CEO role.”
Lores joins PayPal after more than six years as president and CEO of HP Inc.. He was also the lead architect of and built on the HP/HPE separation, strengthening operating discipline, simplifying the cost structure, and positioning the company for long-term innovation.
“We will further strengthen the culture of innovation necessary to deliver long-term transformation and balance this with near-term delivery, executing with greater speed and precision, and holding ourselves accountable for consistent delivery quarter on quarter, to further assert PayPal’s industry leadership position,” said Lores. “The 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.”
“The board has a fundamental belief that PayPal’s long-term success is grounded in its global scale, data, and the strength of its consumer, merchant, and partner relationships, combined with the quality and speed of its execution,” PayPal said in a statement. ‘In an increasingly competitive landscape, the company’s value proposition is delivered through the combined power of its two-sided platform, operational rigor, risk capabilities, and developer experience.”
“I am proud to have had the opportunity to lead such a great company and work with such a talented team,” Chriss said. “Now is the right time to make a transition to a seasoned leader who can take the company through its next phase of transformation. I have enjoyed a great working relationship with Enrique, and I am certain he is the right person to meet that challenge.”
