"As Interim CEO, Mr. Broussard will advance the company's strategic priorities by leveraging his proven operational, financial, and business management expertise as well as his deep knowledge of HP's business,"
"follows a detailed evaluation conducted by the Board of Directors on the current position of the company relative to its competition and the broader industry landscape. While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the Board's expectations. The Board is confident that the appointment of Lores,"
Enrique Lores, a Spanish executive and HP president and global CEO for more than six years, will leave HP to become CEO of PayPal on March 1. Lores began his career at the company 36 years ago as an intern engineer and has served on PayPal's board for nearly five years, becoming chairman in July 2024. He replaces Alex Chriss amid a recent 15% revenue decline at PayPal. HP has named board member Bruce Broussard as interim CEO while it searches for a permanent replacement. Broussard brings over 30 years of leadership experience, including roles at publicly traded companies such as Humana.
Read at Computerworld
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