PayPal names Enrique Lores as new CEO, succeeding Alex Chriss

February 3, 2026

PayPal has tapped Enrique Lores, the former head of HP, to lead the company as its next chief executive. The announcement comes as Lores transitions from more than six years at HP, where he served as president and CEO, to helm PayPal.

Lores will replace Alex Chriss, who stepped into the PayPal CEO role in 2023 as the company pressed ahead with its crypto-focused strategy. Chriss’ leadership coincided with PayPal’s push into digital currencies and expanded fintech services, a direction the board hopes to carry forward with Lores at the helm.

Key context:

Enrique Lores brings a long tenure leading a large technology enterprise and experience in software, hardware, and enterprise solutions.
His appointment marks a notable leadership shift for PayPal as it continues to evolve its payments ecosystem and merchant services.
Chriss’ era at PayPal began in 2023 amid the company’s crypto initiatives; the transition signals a potential realignment under new leadership.

This update was reported by Emma Roth and credited to PayPal Investor Relations.

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