PayPal replaces CEO Chriss with HP's Lores

MICHELLE CHAPMAN

Tue, February 3, 2026 astatine 7:19 AM CST 1 min read

PayPal is replacing CEO Alex Chriss with Enrique Lores, saying that the gait of alteration and execution astatine the institution has not met committee expectations implicit the past 2 years.

Lores has served arsenic a PayPal committee subordinate for astir 5 years and has been committee Chair since July 2024. He's besides spent much than six years arsenic president and CEO of HP Inc.

“The payments manufacture is changing faster than ever, driven by caller technologies, evolving regulations, an progressively competitory landscape, and the accelerated acceleration of AI that is reshaping commerce daily,” Lores said successful a connection connected Tuesday. "PayPal sits astatine the halfway of this change, and I look guardant to starring the squad to accelerate the transportation of caller innovations and to signifier the aboriginal of integer payments and commerce.”

PayPal's committee thanked Chriss for his contributions, including the relation helium played to monetize Venmo and turn the Buy Now Pay Later business.

Lores volition instrumentality implicit arsenic PayPal CEO connected March 1. David Dorman volition service arsenic autarkic chair, effectual immediately.

PayPal's Chief Financial and Operating Officer Jamie Miller volition service arsenic interim CEO until Lores assumes the position.

PayPal besides reported its fourth-quarter results connected Tuesday. The exertion level and integer payments institution posted an adjusted nett of $1.23 per stock connected gross of $8.68 billion. The show missed the expectations of analysts polled by Zacks Investment Research, who were looking for a nett of $1.29 per stock connected gross of $8.77 billion.

The San Jose, California-based institution besides forecast little nett for the archetypal quarter.

Shares slid 16% earlier the marketplace open.