HP CEO Enrique Lores Departs for PayPal After Six-Year Tenure
Tech veteran leaves as company searches for permanent replacement
Nonepaper Staff••2 min read
Longtime HP CEO Enrique Lores is leaving for a top job at PayPal, with HP appointing an interim chief while it searches for a permanent successor.
Lores has led HP since 2019, navigating the company through the pandemic-driven PC boom and subsequent market correction. His departure creates a leadership vacuum at a pivotal moment for the PC maker.
The move to PayPal represents a significant shift for Lores, moving from hardware to financial technology. PayPal has been seeking to revitalize growth under new leadership.
Analysis
Why This Matters
CEO transitions at major tech companies often signal strategic shifts. HP faces challenges from declining PC sales and competition in printing.
What to Watch
Who HP selects as permanent CEO and whether strategy shifts toward AI or other growth areas.