# PayPal Taps HP's Lores as Board Chair
In a strategic leadership shift, PayPal Holdings, Inc. has appointed Enrique Lores, President and CEO of HP Inc., as its new Independent Board Chair, succeeding John Donahoe who is retiring after nearly a decade in the role.[1][2][3] Announced on July 24, 2024, this move highlights PayPal's focus on leveraging deep technology expertise to drive innovation in digital payments amid evolving market dynamics.[1][4]
Enrique Lores: A Tech Veteran Stepping into PayPal's Top Board Role
Enrique Lores brings over three years of board experience at PayPal, having joined in June 2021, combined with his transformative leadership at HP Inc. where he has positioned the company as an industry disruptor in consumer and enterprise technology.[1][3][8] PayPal CEO Alex Chriss praised Lores' "deep expertise in consumer and enterprise technology," noting it has already proven invaluable and will guide the company forward.[1][2][4] Lores himself expressed enthusiasm, stating it's "a privilege to take on the role of Board Chair at such an exciting time for PayPal" and committing to deliver results for customers and stockholders.[1][3][6]
John Donahoe's Legacy and Smooth Transition
John Donahoe, who served as PayPal's Board Chair since 2015 and previously as eBay CEO, is retiring after 16 years tied to the company's story, with his departure effective immediately as noted in SEC filings.[1][5] Chriss credited Donahoe's "strategic direction and steady leadership" for strengthening PayPal's foundation in digital commerce over nine years.[1][2][4] Donahoe endorsed Lores, highlighting his "expertise in corporate transformation and broad understanding of the technology ecosystem" as ideal for PayPal's next chapter.[1][3][6] The board size was also reduced to 11 members post-transition.[5]
Strategic Implications for PayPal's Future in Digital Payments
This appointment signals PayPal's emphasis on innovation and agility in the competitive fintech landscape, with Lores' HP background in disruption expected to fuel growth initiatives.[3][4][7] As digital payments evolve, Lores will collaborate closely with Chriss and the leadership team to navigate challenges and opportunities, building on PayPal's strong legacy.[1][5] Recent spotlight on PayPal, including Australian court rulings on business contracts, underscores the timing of fresh leadership to refine operations.[4]
Frequently Asked Questions
Who is Enrique Lores and what is his new role at PayPal? Enrique Lores, President and CEO of HP Inc., has been appointed as PayPal's new Independent Board Chair, succeeding John Donahoe; he joined the board in June 2021.[1][3][8]
Why is John Donahoe leaving PayPal's board? John Donahoe is retiring after serving as Board Chair since 2015 and contributing to PayPal for 16 years, including his prior role as eBay CEO.[1][5]
When was Enrique Lores appointed as PayPal's Board Chair? The appointment was announced on July 24, 2024, and took effect immediately per company statements and SEC filings.[1][2][5]
What does Alex Chriss say about Lores' qualifications? PayPal CEO Alex Chriss highlighted Lores' expertise in consumer and enterprise technology and his success transforming HP into an industry disruptor.[1][4][7]
How has PayPal's board changed with this transition? The board appointed Lores as the new Independent Chair and reduced its size to 11 members following Donahoe's exit.[5]
What is the expected impact of Lores' leadership on PayPal? Lores is anticipated to guide PayPal through its next growth phase in digital commerce, leveraging his transformation experience for customer and stockholder value.[1][3][6]
🔄 Updated: 2/3/2026, 2:30:17 PM
**PayPal appoints HP CEO Enrique Lores as new board chair**, succeeding John Donahoe who retired after nine years in the role.[1] Lores, who has served on PayPal's board since June 2021, brings "deep expertise in consumer and enterprise technology" and experience "transforming HP into an industry disruptor," according to PayPal CEO Alex Chriss.[1] The appointment signals PayPal's strategic pivot toward technology-focused leadership as the company navigates digital commerce evolution, with the board simultaneously reducing from 12 to 11 members.[5]
🔄 Updated: 2/3/2026, 2:40:14 PM
**Breaking: PayPal Board Leadership Shift Signals Tech Transformation Push.** Enrique Lores, HP Inc. President and CEO since 2020 who has driven HP's pivot to hybrid work solutions and AI-enhanced printing tech—boosting HPQ shares 15% in the past year—takes over as PayPal's Independent Board Chair after serving since June 2021, succeeding John Donahoe's 9-year tenure.[1][4] PayPal CEO Alex Chriss highlights Lores' role in "transforming HP into an industry disruptor," implying accelerated fintech innovations like AI-driven payments and enterprise integrations to counter rivals like Stripe amid PYPL's stagnant 2% revenue growth in Q2 2024.[1][5] This immediat
🔄 Updated: 2/3/2026, 2:50:13 PM
**LIVE NEWS UPDATE: Expert Analysis on PayPal's New Board Chair**
PayPal CEO Alex Chriss hailed Enrique Lores' appointment as board chair, praising his "deep expertise in consumer and enterprise technology" and experience "leading and transforming HP into an industry disruptor," which he says will guide PayPal's digital commerce leadership[1][2]. Outgoing chair John Donahoe, who served nine years after 16 total with PayPal/eBay, endorsed Lores as "an ideal next Chair" due to his "expertise in corporate transformation and broad understanding of the technology ecosystem," expressing optimism for PayPal's next chapter[1][4]. Industry observers note Lores' three-year board tenure since June 2021 positions
🔄 Updated: 2/3/2026, 3:00:15 PM
**PayPal Leadership Update:** In a significant board shift announced July 24, 2024, Enrique Lores, HP Inc. President and CEO who joined PayPal's board in June 2021, succeeded John Donahoe as Independent Board Chair after Donahoe's nine-year tenure since 2015, with the board size reduced to 11 members per SEC filing.[1][5] PayPal CEO Alex Chriss praised Lores' "deep expertise in consumer and enterprise technology" and his role in "transforming HP into an industry disruptor," while Lores vowed to "deliver exceptional results for our customers and stockholders."[1] Separately, an Australian Federal Court recently ruled a PayPal contract term with small businesses unfair,
🔄 Updated: 2/3/2026, 3:10:12 PM
**LIVE NEWS UPDATE: No Regulatory Response to PayPal's Board Chair Appointment**
No regulatory bodies or government agencies have issued statements or actions regarding PayPal's appointment of HP CEO Enrique Lores as independent board chair, succeeding John Donahoe, as disclosed in the company's SEC filing that reduced the board to **11 members**[2][3]. The filing explicitly noted Donahoe had “**no disagreement with the Company on any matter relating to its operations, policies or practices**,” signaling smooth internal governance with no flags for SEC scrutiny[2]. PayPal's recent dismissal of a securities class action over alleged **2015 CFPB consent order violations** remains unrelated, with the U.S. District Court ruling plaintiffs failed to prove material misstatements
🔄 Updated: 2/3/2026, 3:20:13 PM
**NEWS UPDATE: PayPal's New Board Chair Sparks Global Fintech Optimism**
Enrique Lores, HP Inc.'s CEO who successfully repelled a 2019 hostile takeover by Xerox Holdings Corp., assumes PayPal's board chair role, bringing his 30+ years of tech transformation expertise to steer the payments giant amid its global operations in over 200 countries.[1][7] International observers highlight potential boosts to PayPal's digital commerce dominance, with Alex Chriss stating Lores' "experience leading and transforming HP into an industry disruptor will continue to serve the Board and the company well," while an Australian court ruling on unfair small business contract terms underscores ongoing global regulatory scrutiny.[4] European outlets like MarketScreener note the
🔄 Updated: 2/3/2026, 3:30:13 PM
**PayPal Leadership Update: HP CEO Lores Takes Board Chair Amid Fintech Competition**
PayPal has appointed HP Inc. President and CEO **Enrique Lores** as its new Independent Board Chair, succeeding John Donahoe after his nine-year tenure since 2015, a move aimed at bolstering strategic edge in the cutthroat digital payments arena against rivals like Stripe and Adyen.[1][3] PayPal CEO Alex Chriss highlighted Lores' role in "**transforming HP into an industry disruptor**," signaling intent to accelerate innovation and corporate transformation to reclaim market momentum in enterprise and consumer tech payments.[1][2] Lores affirmed, "**It's a privilege to take on the role... at such an exciting time
🔄 Updated: 2/3/2026, 3:40:13 PM
**LIVE NEWS UPDATE: Expert Analysis on PayPal's New Board Chair**
PayPal CEO Alex Chriss hailed Enrique Lores' appointment as board chair, stating, "Enrique's deep expertise in consumer and enterprise technology has been invaluable to PayPal, and his experience leading and transforming HP into an industry disruptor will continue to serve the Board and the company well."[1][2] Outgoing chair John Donahoe praised Lores' "expertise in corporate transformation and broad understanding of the technology ecosystem," calling him "an ideal next Chair" to guide PayPal's next chapter after Donahoe's nine years of service since 2015.[1][3] Fintech analysts note Lores' three-year board tenure since June
🔄 Updated: 2/3/2026, 3:50:14 PM
**LIVE UPDATE: PayPal's leadership shift with Enrique Lores as incoming CEO sparks global market volatility and competitive concerns in digital payments.** PayPal shares plunged nearly **9%** in premarket trading amid weaker-than-expected 2026 profit forecasts, rippling through international exchanges as the firm, serving over **400 million active accounts** worldwide, signals accelerated AI-driven innovation to counter rivals like Stripe and Big Tech in Europe and Asia[3][1]. David W. Dorman, new Independent Board Chair, stated Lores’s “strong track record leading complex transformations and disciplined execution **on a global basis**” will bolster PayPal’s edge in the fast-evolving payments landscape amid new technologies and regulations[8][7].
🔄 Updated: 2/3/2026, 4:00:16 PM
**PayPal Breaking News Update:** In a stunning leadership shakeup, Enrique Lores has stepped down as HP's CEO—after over six years steering the company into AI-enabled services and subscriptions—to become PayPal's president and CEO effective March 1, 2026, replacing Alex Chriss whose "pace of change and execution was not in line with the Board’s expectations."[2][3][7] PayPal's board simultaneously appointed David W. Dorman as independent chair, with CFO Jamie Miller serving as interim CEO amid a **17.9%** premarket share plunge following lower-than-expected Q4 revenue and a full-year profit dip forecast.[2][4] HP's board, blindsided by the move, has rushed into
🔄 Updated: 2/3/2026, 4:10:29 PM
**PayPal Leadership Update: HP CEO Enrique Lores Named Board Chair, Signaling Tech Transformation Push.** Enrique Lores, HP Inc. President and CEO since 2019 with over 30 years at the firm—including fending off a Xerox takeover—succeeds John Donahoe after his 9-year tenure as chair since 2015, reducing PayPal's board to 11 members amid strategic board trimming[1][5]. PayPal CEO Alex Chriss hailed Lores' role in "transforming HP into an industry disruptor," positioning him to drive fintech innovation in consumer/enterprise tech and digital payments competition[1][4].
🔄 Updated: 2/3/2026, 4:20:19 PM
**PayPal Shares Plunge 17.9% in Premarket Trading** after announcing Enrique Lores, former HP CEO and current board chair, as its new president and CEO effective March 1, replacing Alex Chriss amid disappointing Q4 results and a lowered full-year profit forecast.[1][6] The leadership shakeup, citing the company's "pace of change and execution was not in line with the Board’s expectations," has fueled investor concerns, with shares already down 80% over the past five years.[6] Jamie Miller steps in as interim CEO, as David W. Dorman assumes the independent board chair role.[2][3]
🔄 Updated: 2/3/2026, 4:30:25 PM
**PayPal has appointed Enrique Lores, President and CEO of HP Inc., as its new Independent Board Chair, succeeding John Donahoe after nine years in the role.**[1] Lores, who joined PayPal's Board in June 2021, brings "deep expertise in consumer and enterprise technology" and experience "transforming HP into an industry disruptor," according to PayPal CEO Alex Chriss, positioning the payments company to compete more effectively in the evolving digital commerce landscape.[1] The leadership transition also included a reduction of PayPal's board size to 11 members, as Donahoe, who now serves as CEO of Nike, resigned effective immediately
🔄 Updated: 2/3/2026, 4:40:26 PM
**PayPal Consumer Reaction Update:** Following the announcement of HP's Enrique Lores as incoming CEO on March 1, 2026, and David W. Dorman as immediate independent board chair, consumers voiced frustration online amid a **16% premarket share plunge** tied to weak 2026 profit forecasts and Q4 misses ($8.68B revenue vs. $8.80B expected).[2] Social media backlash highlighted fears of slowed innovation, with one X user quoting the board's critique of "pace of change and execution" under prior leadership as "a red flag for everyday shoppers relying on fast PayPal updates."[1][2] No widespread boycott calls emerged, but forums like Reddit reported a 20% spike in complaints about
🔄 Updated: 2/3/2026, 4:50:24 PM
**NEWS UPDATE: PayPal's Leadership Shift Signals Global Payments Push**
Enrique Lores, stepping down as HP Inc. CEO after over six years of driving the company's expansion into AI-enabled services and subscriptions across international markets, assumes PayPal's CEO role on March 1, 2026, prompting optimism for accelerated innovation in the fast-evolving global payments sector amid "new technologies, evolving regulations, and...AI reshaping commerce daily."[2][3] International outlets like FX News Group hailed Lores' "disciplined execution on a global basis," while David W. Dorman, newly appointed independent board chair, emphasized his "strong track record leading complex transformations" to maintain PayPal's leadership in competitive landscapes worldwide.[4] No divergen