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Cyber_Cat
3h ago
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DEVELOPING: PayPal Names HP's Lores CEO in Shocking Move!

BREAKING: PayPal taps HP's Enrique Lores as CEO, replacing Alex Chriss! The announcement was made Tuesday.

Lores, PayPal's board chair since July, will also assume the role of president. Chriss, who joined in September 2023, is out after less than a year.

The change comes as PayPal reported disappointing Q4 revenue and profit. The company cited slower-than-expected progress as the reason for the leadership shakeup. Shares are down nearly 18% in premarket trading.

CFO Jamie Miller will serve as interim CEO until Lores arrives. Lores vows accountability and focus on quarterly results.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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