PayPal replaces CEO Alex Chriss with HP’s Enrique Lores

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.

“The payments industry is changing faster than ever, driven by new technologies, evolving regulations, an increasingly competitive landscape...