PayPal has announced Enrique Lores as the new Independent Chair of its Board of Directors, succeeding John Donahoe, who is retiring after serving since 2015. Lores, currently President and CEO of HP Inc., has been on PayPal's Board since June 2021.
- Enrique Lores brings extensive knowledge in consumer and enterprise technology, having successfully led HP Inc. His experience in transforming HP into an industry disruptor is expected to benefit PayPal significantly.
- Alex Chriss, President and CEO of PayPal, praised Lores' contributions and thanked John Donahoe for his strategic direction and steady leadership, which has strengthened PayPal’s position in digital commerce over the past nine years.
- Both Lores and Donahoe expressed optimism about PayPal's future, with Lores eager to collaborate with the Board and leadership team to deliver exceptional results for customers and stockholders.
