Payments giant PayPal announced a significant leadership transition on Tuesday, naming HP executive Enrique Lores as its next President and Chief Executive Officer. The appointment, which follows a decision by the Board of Directors, positions Lores to officially take the helm on March 1, 2026, replacing current chief executive Alex Chriss.
Immediate Transition and Interim Leadership
The company confirmed that Alex Chriss would step down from his role as CEO. Given the extended timeline for Mr. Lores’s transition, PayPal has appointed a seasoned internal leader to manage operations in the interim.
PayPal’s Chief Financial Officer and Chief Operating Officer, Jamie Miller, has been selected to serve as interim CEO. Ms. Miller’s interim tenure is effective immediately and will continue until Mr. Lores officially assumes the top executive position in March 2026. The move ensures continuity and stability during the crucial handover period.
Profile of the Incoming Chief Executive
Mr. Lores is a highly regarded figure in the technology sector, bringing extensive experience from his long tenure at HP. His selection underscores PayPal’s strategic focus on leveraging seasoned leadership with deep operational and technological expertise as the company seeks to solidify its position in the rapidly evolving global fintech market.
The Board of Directors expressed confidence that Mr. Lores’s background in managing complex, global organizations and driving innovation will be instrumental in guiding PayPal through its next phase of growth and addressing competitive pressures from both established financial institutions and emerging digital payment platforms.
