PayPal is replacing CEO Alex Chriss with Enrique Lores, saying that the pace of change and execution at the company has not met board expectations over the past two years. Lores has served as a PayPal board member for almost five years and has been board chair since July 2024. He’s also spent more than six years as president and CEO of HP Inc. Lores will take over as PayPal CEO on March 1. David Dorman will serve as independent chair, effective immediately. PayPal’s Chief Financial and Operating Officer Jamie Miller will serve as interim CEO until Lores assumes the position.
