Enrique Lores: Difference between revisions

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| birth_place  = [[Madrid]], Spain
| birth_place  = [[Madrid]], Spain
| nationality  = Spanish-American
| nationality  = Spanish-American
| education    = [[Polytechnic University of Valencia]] (BEE)<br>[[ESADE|ESADE Business School]] (MBA)
| occupation  = Business executive
| occupation  = Business executive
| title        = CEO of [[PayPal]]
| title        = CEO of [[PayPal]]
| education    = [[Polytechnic University of Valencia]] (BEE)<br>[[ESADE|ESADE Business School]] (MBA)
| known_for    = President and CEO of [[HP Inc.]] (2019–2026); CEO of [[PayPal]] (2026–present)
| known_for    = President and CEO of [[HP Inc.]] (2019–2026); CEO of [[PayPal]] (2026–present)
}}
}}


'''Enrique José Lores Obradors''' (born 1965) is a Spanish-American business executive who served as the President and Chief Executive Officer of [[HP Inc.]] from November 2019 to February 2026. In February 2026, he was appointed CEO of [[PayPal|PayPal Holdings Inc.]], succeeding [[Alex Chriss]].<ref name="PayPal PR">{{cite web |title=PayPal Appoints Enrique Lores as Chief Executive Officer and David W. Dorman as Independent Board Chair |url=https://investor.pypl.com/news-and-events/news-details/2026/PayPal-Appoints-Enrique-Lores-as-Chief-Executive-Officer-and-David-W--Dorman-as-Independent-Board-Chair/default.aspx |publisher=PayPal Investor Relations |date=2026-02-03 |access-date=2026-02-23}}</ref> Born in Madrid, Spain, Lores built his career over more than three decades at Hewlett-Packard and its successor company HP Inc., rising from an engineering intern to the company's top leadership position. During his tenure at HP, he held senior roles across the company's Personal Systems, Printing, Industrial, and Services businesses at both regional and global levels.<ref name="CRN">{{cite web |title=5 Things To Know About HP's Next CEO Enrique Lores |url=https://www.crn.com/slide-shows/components-peripherals/5-things-to-know-about-hp-s-next-ceo-enrique-lores |publisher=CRN |access-date=2026-02-23}}</ref> He played a central role in the 2015 split of Hewlett-Packard into two independent publicly traded companies—[[Hewlett Packard Enterprise]] and HP Inc.—and led major strategic initiatives including the acquisition of [[Samsung]]'s printer business.<ref name="Forbes">{{cite news |last=Feldman |first=Amy |date=2019-10-04 |title=Spotlight On HP Incoming CEO Enrique Lores As The Printer Giant Announces A Restructuring And Plans To Cut Up To 9,000 Jobs |url=https://www.forbes.com/sites/amyfeldman/2019/10/04/spotlight-on-hp-incoming-ceo-enrique-lores-as-the-printer-giant-announces-a-restructuring-and-plans-to-cut-up-to-9000-jobs/ |work=Forbes |access-date=2026-02-23}}</ref> His appointment as CEO of PayPal in early 2026 marked a significant transition from the hardware and printing technology sector to digital payments and financial technology.
'''Enrique José Lores Obradors''' (born 1965) is a Spanish-American business executive who served as the President and Chief Executive Officer of [[HP Inc.]] from November 2019 to February 2026. In February 2026, he was appointed CEO of [[PayPal|PayPal Holdings Inc.]], succeeding [[Alex Chriss]].<ref name="PayPal PR">{{cite web |title=PayPal Appoints Enrique Lores as Chief Executive Officer and David W. Dorman as Independent Board Chair |url=https://investor.pypl.com/news-and-events/news-details/2026/PayPal-Appoints-Enrique-Lores-as-Chief-Executive-Officer-and-David-W--Dorman-as-Independent-Board-Chair/default.aspx |publisher=PayPal Investor Relations |date=2026-02-03 |access-date=2026-02-23}}</ref> Born in Madrid, Lores spent over three decades at Hewlett-Packard and its successor company HP Inc., rising from an engineering intern to the company's top leadership position. During his career at HP, he held senior roles across the company's Personal Systems, Print, Industrial, and Services businesses, and played a central role in the 2015 separation of Hewlett-Packard into two publicly traded companies: [[Hewlett Packard Enterprise]] and HP Inc.<ref name="CRN">{{cite web |title=5 Things To Know About HP's Next CEO Enrique Lores |url=https://www.crn.com/slide-shows/components-peripherals/5-things-to-know-about-hp-s-next-ceo-enrique-lores |publisher=CRN |access-date=2026-02-23}}</ref> As CEO of HP Inc., Lores oversaw the company through significant shifts in the global computing and printing markets, implementing a strategy centered on portfolio expansion, digital transformation, and workforce restructuring. His appointment as CEO of PayPal in early 2026 marked a transition from the hardware and printing technology sector to the digital payments industry.<ref name="Bloomberg">{{cite news |title=PayPal Shares Plunge After CEO Announcement, Profit Miss |url=https://www.bloomberg.com/news/articles/2026-02-03/paypal-names-hp-s-enrique-lores-to-replace-ceo-alex-chriss |work=Bloomberg |date=2026-02-03 |access-date=2026-02-23}}</ref>


== Early Life ==
== Early Life ==


Enrique José Lores Obradors was born in 1965 in [[Madrid]], Spain.<ref name="Bloomberg">{{cite web |title=Enrique Lores Profile |url=https://www.bloomberg.com/profile/person/16011706 |publisher=Bloomberg |access-date=2026-02-23}}</ref> He grew up in Spain during a period of significant economic and political transformation in the country, as it transitioned from the [[Francoist Spain|Franco era]] toward democracy and eventual membership in the [[European Economic Community]].
Enrique José Lores Obradors was born in 1965 in [[Madrid]], Spain.<ref name="Forbes">{{cite news |last=Feldman |first=Amy |date=2019-10-04 |title=Spotlight On HP Incoming CEO Enrique Lores As The Printer Giant Announces A Restructuring And Plans To Cut Up To 9,000 Jobs |url=https://www.forbes.com/sites/amyfeldman/2019/10/04/spotlight-on-hp-incoming-ceo-enrique-lores-as-the-printer-giant-announces-a-restructuring-and-plans-to-cut-up-to-9000-jobs/ |work=Forbes |access-date=2026-02-23}}</ref> Details regarding his family background and upbringing have not been extensively documented in public sources. Lores grew up in Spain and pursued his higher education at institutions in the [[Valencia]] and [[Barcelona]] regions before embarking on a career in the technology industry that would eventually take him to the United States.<ref name="CRN" />
 
Details about Lores's upbringing and family background have remained largely private. He pursued his higher education in Spain, studying electrical engineering at the [[Polytechnic University of Valencia]], one of the country's leading technical universities, located on the eastern coast of Spain in the [[Valencia]] region.<ref name="Forbes" /> After completing his undergraduate degree, he went on to earn a [[Master of Business Administration]] (MBA) from [[ESADE|ESADE Business School]] in [[Barcelona]], one of Europe's top-ranked business schools.<ref name="Forbes" /><ref name="CRN" />
 
Lores's educational background—combining a technical foundation in electrical engineering with graduate-level business training—positioned him for a career that would span both the engineering and management sides of the technology industry. Shortly after completing his engineering degree, he joined [[Hewlett-Packard]] in 1989 as an engineering intern, beginning a career at the company that would last more than three decades.<ref name="HP CEO Announcement">{{cite web |title=HP Announces CEO Succession |url=https://www.hp.com/us-en/newsroom/press-releases/2019/hp_announces_ceo_succession.html |publisher=HP Inc. |access-date=2026-02-23}}</ref>


== Education ==
== Education ==


Lores earned a [[Bachelor of Engineering|bachelor's degree in electrical engineering]] from the [[Polytechnic University of Valencia]] in Spain.<ref name="Forbes" /> The Polytechnic University of Valencia (Universitat Politècnica de València) is one of Spain's premier technical institutions, known for its engineering and technology programs.
Lores earned a bachelor's degree in electrical engineering from the [[Polytechnic University of Valencia]], one of Spain's prominent technical universities.<ref name="Forbes" /> He subsequently obtained a [[Master of Business Administration]] (MBA) from [[ESADE|ESADE Business School]] in Barcelona, a graduate business school affiliated with [[Ramon Llull University]].<ref name="Forbes" /><ref name="ConferenceBoard">{{cite web |title=Enrique Lores |url=https://www.conference-board.org/bio/enrique-lores |publisher=The Conference Board |access-date=2026-02-23}}</ref> The combination of technical and business education formed the foundation for Lores's career trajectory, which spanned engineering, operations, sales, and general management in the global technology sector.
 
He subsequently obtained a [[Master of Business Administration]] from [[ESADE|ESADE Business School]] in [[Barcelona]].<ref name="Forbes" /><ref name="CRN" /> ESADE, part of [[Ramon Llull University]], is consistently ranked among the top business schools in Europe and globally, and is known for its programs in management and executive education. The combination of technical and business education informed Lores's approach throughout his career, enabling him to operate at the intersection of engineering, product development, and corporate strategy in the technology sector.


== Career ==
== Career ==
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=== Early Career at Hewlett-Packard (1989–2015) ===
=== Early Career at Hewlett-Packard (1989–2015) ===


Lores began his career at [[Hewlett-Packard]] in 1989, joining the company as an engineering intern shortly after graduating from the Polytechnic University of Valencia.<ref name="HP CEO Announcement" /><ref name="Forbes" /> Over the next two and a half decades, he advanced through a series of increasingly senior leadership positions across multiple divisions of the company, gaining experience in engineering, product management, sales, and customer services.
Lores began his career at [[Hewlett-Packard]] (HP) in 1989, joining the company as an engineering intern shortly after completing his degree in electrical engineering from the Polytechnic University of Valencia.<ref name="CRN" /><ref name="Forbes" /> Over the course of the next three decades, he rose through the ranks of the organization, holding a series of senior leadership positions that spanned multiple business units and geographic regions.


During his rise through the organization, Lores held several notable positions. He served as general manager of HP's commercial [[personal computer]] business, a role in which he oversaw one of the company's core product lines in the competitive PC market.<ref name="CRN" /> He also held the position of senior vice president of worldwide customer support and services, responsible for HP's global after-sales operations and service delivery.<ref name="CRN" /> Additionally, Lores served as senior vice president of worldwide sales and solutions, overseeing the company's global sales infrastructure and go-to-market strategy.<ref name="CRN" />
During his tenure at Hewlett-Packard, Lores gained experience across the company's Personal Systems, Print, Industrial, and Services businesses, serving in roles at both the regional and worldwide level.<ref name="CRN" /> Among his notable positions were general manager of HP's commercial [[personal computer]] business, senior vice president of worldwide customer support and services, and senior vice president of worldwide sales and solutions.<ref name="HP2019">{{cite web |title=HP Announces CEO Succession |url=https://www.hp.com/us-en/newsroom/press-releases/2019/hp_announces_ceo_succession.html |publisher=HP Inc. |date=2019-08-22 |access-date=2026-02-23}}</ref> These roles gave Lores broad operational exposure to HP's diverse product portfolio and its global customer base.


Lores's career at HP spanned roles in the company's [[Personal Systems]], Print, Industrial, and Services businesses, and he gained operational experience at both regional and worldwide levels.<ref name="Forbes" /> This breadth of experience across HP's major business segments gave him an unusually comprehensive understanding of the company's operations, products, and markets.
One of the most significant chapters of Lores's career at Hewlett-Packard was his involvement in the company's corporate split. In 2015, Hewlett-Packard undertook a complex [[corporate spin-off|separation]] into two independent publicly traded companies: [[Hewlett Packard Enterprise]], focused on enterprise products and services, and [[HP Inc.]], which retained the personal computing and printing businesses. Lores led the Separation Management Office, playing a key role in planning and executing the division of one of the world's largest technology companies into two distinct entities.<ref name="CRN" /><ref name="Forbes" /> The separation, which became effective on November 1, 2015, was one of the largest corporate splits in the technology industry at the time.


=== Hewlett-Packard Split (2015) ===
=== Leadership at HP Inc. (2015–2019) ===


One of the most significant events during Lores's career at HP was the 2015 split of [[Hewlett-Packard]] into two independent publicly traded companies: [[Hewlett Packard Enterprise]], focused on enterprise technology solutions, servers, and cloud computing; and [[HP Inc.]], which retained the personal computing and printing businesses.<ref name="Forbes" />
Following the completion of the Hewlett-Packard split, Lores continued in senior leadership at the newly formed HP Inc. He served as President of HP's Imaging, Printing and Solutions business, a role in which he oversaw the company's largest product segment.<ref name="HP2019" /> The printing division was a major revenue and profit driver for HP Inc., and Lores was responsible for guiding its strategy, operations, and growth initiatives.


Lores played a key role in this complex corporate restructuring, leading the Separation Management Office (SMO) that oversaw the operational and organizational aspects of dividing a company that had been unified for decades.<ref name="CRN" /><ref name="Forbes" /> The separation, which was formally completed on November 1, 2015, was one of the largest corporate splits in U.S. technology history at the time and required the disentanglement of shared infrastructure, supply chains, customer relationships, and corporate functions. Lores's leadership of the SMO was considered a significant factor in his subsequent ascent to the top of HP Inc.'s leadership hierarchy.
During this period, Lores was involved in strategic initiatives that shaped HP Inc.'s competitive position in the printing market. Among these was the acquisition of [[Samsung]]'s printer business, a transaction that expanded HP's presence in the [[laser printer]] segment and broadened its intellectual property portfolio.<ref name="Forbes" /> The Samsung printer deal, which closed in 2017, was valued at approximately $1.05 billion and represented one of the most significant acquisitions in the printing industry.


=== President of Imaging, Printing and Solutions ===
Lores's leadership of the printing business also encompassed efforts to drive innovation in printing technologies, including the development of HP's [[3D printing]] capabilities and the expansion of its commercial and industrial printing offerings.<ref name="CRN" />
 
Following the 2015 split, Lores served as President of HP Inc.'s Imaging, Printing and Solutions business, the company's largest product segment.<ref name="HP CEO Announcement" /><ref name="Forbes" /> In this role, he was responsible for HP's entire printing portfolio, including consumer and commercial printers, printing supplies, and related services and solutions. The printing business was a critical revenue and profit driver for HP Inc., and Lores oversaw efforts to steer growth and innovation in printing technologies during a period of significant market change as the industry grappled with declining print volumes and the shift toward digital workflows.
 
During his time leading the printing division, Lores oversaw strategic initiatives including the acquisition of [[Samsung]]'s printer business, a deal that expanded HP's product portfolio and strengthened its position in the [[laser printer]] market.<ref name="Forbes" /> The Samsung printer acquisition, completed in 2017, added Samsung's extensive portfolio of printing patents and products to HP's offerings, enhancing its capabilities in multifunction printers and managed print services.


=== CEO of HP Inc. (2019–2026) ===
=== CEO of HP Inc. (2019–2026) ===


In August 2019, HP Inc.'s board of directors unanimously appointed Lores as the company's next President and Chief Executive Officer, succeeding [[Dion Weisler]], who stepped down for family health reasons.<ref name="HP CEO Announcement" /><ref name="Forbes" /> Lores's appointment became effective on November 1, 2019.<ref name="HP CEO Announcement" />
On August 22, 2019, HP Inc.'s board of directors unanimously appointed Lores as the company's next President and CEO, succeeding [[Dion Weisler]], who stepped down for family health reasons.<ref name="HP2019" /> Lores's appointment became effective on November 1, 2019.<ref name="HP2019" /><ref name="Forbes" />
 
Shortly after his appointment was announced and before he formally took office, HP Inc. revealed a restructuring plan in October 2019 that included the elimination of 7,000 to 9,000 jobs, approximately 16 percent of the company's workforce, as part of an effort to reduce costs and streamline operations.<ref name="Forbes" /> The restructuring signaled the scope of the challenges facing HP at the time, including declining demand in certain printing market segments and competitive pressures in the personal computing business.


As CEO, Lores focused on positioning HP Inc. for future growth through a strategy emphasizing portfolio expansion, digital transformation, and talent development.<ref name="HP CEO Announcement" /> Under his leadership, HP navigated significant industry challenges, including the disruptions caused by the [[COVID-19 pandemic]] beginning in 2020, which initially created supply chain difficulties but also drove increased demand for personal computers and printers as remote work and distance learning became widespread.
Shortly after his appointment was announced, in October 2019, HP Inc. revealed a restructuring plan that included the elimination of between 7,000 and 9,000 jobs, representing approximately 16 percent of the company's workforce at the time. The restructuring was projected to generate approximately $1 billion in annual savings by the end of fiscal year 2022.<ref name="Forbes" /> The plan signaled Lores's intention to streamline operations and position the company for a period of transformation in the face of declining print volumes and shifting market dynamics in the PC industry.


Lores led HP through a period of market volatility in the personal computing sector, which saw a dramatic surge in PC demand during the pandemic followed by a subsequent decline as the initial wave of pandemic-driven purchases subsided. HP's printing business also faced ongoing shifts as enterprise and consumer printing patterns continued to evolve.
As CEO, Lores pursued a strategy that emphasized several key pillars: portfolio expansion beyond HP's traditional hardware businesses, digital transformation of the company's products and services, and investment in talent development.<ref name="HP2019" /> Under his leadership, HP Inc. navigated significant industry challenges, including the disruptions caused by the [[COVID-19 pandemic]], which initially drove a surge in demand for personal computers as remote work and distance learning became widespread, followed by a subsequent market correction as demand normalized.


During Lores's tenure, HP Inc. maintained its position as one of the world's largest personal computing and printing companies, competing with rivals such as [[Dell Technologies]], [[Lenovo]], and [[Canon Inc.|Canon]] across its various product segments.
Lores's tenure also saw HP Inc. confront evolving dynamics in the printing market, where the shift toward digital workflows and declining print volumes in certain segments required the company to adapt its business model. HP pursued growth in areas such as subscription-based printing services, industrial printing, and [[3D printing]] technologies during this period.<ref name="CRN" />


Lores's tenure as CEO of HP Inc. came to an end in early 2026, when he departed to take the CEO role at PayPal.<ref name="HP Transition">{{cite web |title=HP Inc. Announces HP Leadership Transition |url=https://www.hp.com/us-en/newsroom/press-releases/2026/hp-inc-announces-hp-leadership-transition.html |publisher=HP Inc. |access-date=2026-02-23}}</ref>
During his time as CEO, Lores also served on HP Inc.'s board of directors and held positions on other boards. He joined the board of [[PayPal|PayPal Holdings Inc.]] and eventually became chair of the PayPal board, a role that preceded his appointment as PayPal's CEO.<ref name="PayPal PR" /><ref name="Yahoo">{{cite news |title=HP CEO Enrique Lores reveals why he is leaving to be the CEO of PayPal |url=https://finance.yahoo.com/news/hp-ceo-enrique-lores-reveals-why-he-is-leaving-to-be-the-ceo-of-paypal-123935117.html |work=Yahoo Finance |date=2026-02-03 |access-date=2026-02-23}}</ref>


=== Board Membership at PayPal ===
Lores's tenure as CEO of HP Inc. concluded in early 2026 when he departed to assume the top role at PayPal.<ref name="HPTransition">{{cite web |title=HP Inc. Announces HP Leadership Transition |url=https://www.hp.com/us-en/newsroom/press-releases/2026/hp-inc-announces-hp-leadership-transition.html |publisher=HP Inc. |date=2026 |access-date=2026-02-23}}</ref>


Prior to being named CEO, Lores had served as chairman of the board of [[PayPal|PayPal Holdings Inc.]]<ref name="Yahoo">{{cite news |date=2026-02-03 |title=HP CEO Enrique Lores reveals why he is leaving to be the CEO of PayPal |url=https://finance.yahoo.com/news/hp-ceo-enrique-lores-reveals-why-he-is-leaving-to-be-the-ceo-of-paypal-123935117.html |work=Yahoo Finance |access-date=2026-02-23}}</ref> His position on the PayPal board gave him familiarity with the company's operations, competitive challenges, and strategic direction ahead of his appointment as CEO.
=== Appointment as CEO of PayPal (2026) ===


=== CEO of PayPal (2026–present) ===
On February 3, 2026, PayPal Holdings Inc. announced that Lores had been appointed as the company's Chief Executive Officer and President, effective immediately, replacing [[Alex Chriss]].<ref name="PayPal PR" /> Chriss had served as PayPal's CEO since September 2023 but was replaced after less than two and a half years in the role.<ref name="Fortune">{{cite news |title=PayPal dumps CEO in surprise shake-up, poaches HP's top exec as replacement |url=https://fortune.com/2026/02/03/paypal-dumps-ceo-in-surprise-shakeup-poaches-hps-top-exec-as-replacement/ |work=Fortune |date=2026-02-03 |access-date=2026-02-23}}</ref> Alongside the CEO appointment, PayPal named David W. Dorman as independent board chair.<ref name="PayPal PR" />


On February 3, 2026, PayPal Holdings Inc. announced that Lores had been appointed as the company's Chief Executive Officer and President, replacing [[Alex Chriss]], who had served as CEO for approximately two years.<ref name="PayPal PR" /><ref name="Bloomberg News">{{cite news |date=2026-02-03 |title=PayPal Shares Plunge After CEO Announcement, Profit Miss |url=https://www.bloomberg.com/news/articles/2026-02-03/paypal-names-hp-s-enrique-lores-to-replace-ceo-alex-chriss |work=Bloomberg |access-date=2026-02-23}}</ref> Concurrent with Lores's appointment, [[David W. Dorman]] was named independent board chair.<ref name="PayPal PR" />
The announcement described the leadership change as stemming from the PayPal board's assessment that new leadership was needed. [[Fortune (magazine)|Fortune]] reported that Chriss "lasted barely two years after failing to halt a massive slide in PayPal's share price."<ref name="Fortune" /> The [[Wall Street Journal]] reported that the CEO change coincided with PayPal flagging expectations of lower earnings for 2026.<ref name="WSJ">{{cite news |title=PayPal Replaces CEO as It Flags Lower Earnings |url=https://www.wsj.com/business/earnings/paypal-names-hp-exec-as-new-ceo-expects-earnings-decline-in-2026-f62d3fc2 |work=The Wall Street Journal |date=2026-02-03 |access-date=2026-02-23}}</ref>


The leadership transition came during a period of significant challenge for PayPal. According to reporting by [[Fortune (magazine)|Fortune]], Chriss had "lasted barely two years after failing to halt a massive slide in PayPal's share price."<ref name="Fortune">{{cite news |date=2026-02-03 |title=PayPal dumps CEO in surprise shake-up, poaches HP's top exec as replacement |url=https://fortune.com/2026/02/03/paypal-dumps-ceo-in-surprise-shakeup-poaches-hps-top-exec-as-replacement/ |work=Fortune |access-date=2026-02-23}}</ref> The announcement coincided with PayPal flagging expectations for lower earnings, contributing to initial negative market reaction, with shares declining following the news.<ref name="Bloomberg News" /><ref name="WSJ">{{cite news |date=2026-02-03 |title=PayPal Replaces CEO as It Flags Lower Earnings |url=https://www.wsj.com/business/earnings/paypal-names-hp-exec-as-new-ceo-expects-earnings-decline-in-2026-f62d3fc2 |work=The Wall Street Journal |access-date=2026-02-23}}</ref>
Lores had been serving as chair of PayPal's board of directors prior to his appointment as CEO, giving him familiarity with the company's operations, strategy, and challenges.<ref name="Yahoo" /> [[TechCrunch]] reported that PayPal hired Lores as its CEO and president to replace Chriss.<ref name="TechCrunch">{{cite news |title=PayPal hires HP's Enrique Lores as its new CEO |url=https://techcrunch.com/2026/02/03/paypal-hires-hps-enrique-lores-as-its-new-ceo/ |work=TechCrunch |date=2026-02-03 |access-date=2026-02-23}}</ref>


Reporting by [[Semafor]] indicated that the CEO change at PayPal came as a surprise to HP Inc.'s board of directors, suggesting the transition was arranged without advance coordination with Lores's then-employer.<ref name="Semafor">{{cite news |date=2026-02-03 |title=PayPal's CEO change blindsided HP's board |url=https://www.semafor.com/article/02/03/2026/paypals-ceo-change-blindsided-hps-board |work=Semafor |access-date=2026-02-23}}</ref>
According to [[Semafor]], the decision to appoint Lores as PayPal's CEO caught HP Inc.'s board by surprise, suggesting that the move was orchestrated primarily by the PayPal board without advance coordination with HP's leadership.<ref name="Semafor">{{cite news |title=PayPal's CEO change blindsided HP's board |url=https://www.semafor.com/article/02/03/2026/paypals-ceo-change-blindsided-hps-board |work=Semafor |date=2026-02-03 |access-date=2026-02-23}}</ref> Payments industry publication PaymentsDive also covered the appointment, noting the transition of leadership at one of the world's largest digital payments companies.<ref name="PaymentsDive">{{cite web |title=PayPal appoints new CEO |url=https://www.paymentsdive.com/news/paypal-appoints-new-ceo/811189/ |publisher=PaymentsDive |date=2026-02-03 |access-date=2026-02-23}}</ref>


The appointment represented a significant career shift for Lores, moving from the hardware and printing technology sector, where he had spent his entire career, to the [[financial technology]] and [[digital payments]] industry. PayPal, one of the largest digital payments platforms globally, faced competitive pressures from rivals including [[Apple Pay]], [[Block, Inc.|Block (formerly Square)]], and [[Stripe, Inc.|Stripe]], as well as broader shifts in the payments landscape.<ref name="TechCrunch">{{cite news |date=2026-02-03 |title=PayPal hires HP's Enrique Lores as its new CEO |url=https://techcrunch.com/2026/02/03/paypal-hires-hps-enrique-lores-as-its-new-ceo/ |work=TechCrunch |access-date=2026-02-23}}</ref>
Following the announcement, PayPal's stock initially experienced volatility. [[Bloomberg News]] reported that shares fell after the CEO announcement coincided with a profit miss in the company's quarterly earnings report.<ref name="Bloomberg" /> However, in the weeks that followed, PayPal's stock recovered, trading up approximately 6.23 percent as markets responded to news of strategic business enhancements under the new leadership.<ref name="StocksToTrade">{{cite news |title=PayPal Appoints Enrique Lores as CEO Amid Market Shift |url=https://stockstotrade.com/news/paypal-holdings-inc-pypl-news-2026_02_23/ |work=StocksToTrade |date=2026-02-23 |access-date=2026-02-23}}</ref>


In the weeks following the appointment, PayPal's stock showed signs of recovery, with shares trading up amid reports of strategic business enhancements under the new leadership.<ref name="StocksToTrade">{{cite news |date=2026-02-23 |title=PayPal Appoints Enrique Lores as CEO Amid Market Shift |url=https://stockstotrade.com/news/paypal-holdings-inc-pypl-news-2026_02_23/ |work=StocksToTrade |access-date=2026-02-23}}</ref>
In an interview reported by [[Yahoo Finance]], Lores discussed his reasons for leaving HP Inc. to take the PayPal role, describing the opportunity to lead a major digital payments company during a period of transformation in the financial technology sector.<ref name="Yahoo" />


== Personal Life ==
== Personal Life ==


Lores was born in [[Madrid]], Spain, and holds both Spanish and American citizenship.<ref name="Bloomberg" /> He has maintained a relatively private personal life throughout his career. While he rose to prominence as a corporate executive in the United States, his roots in Spain and his education at Spanish universities reflect a transatlantic background that informed his career in global technology companies.
Lores was born in [[Madrid]], Spain, and holds both Spanish and American nationality.<ref name="Forbes" /><ref name="BloombergProfile">{{cite web |title=Enrique Lores |url=https://www.bloomberg.com/profile/person/16011706 |publisher=Bloomberg |access-date=2026-02-23}}</ref> Details about his personal life, including information about his family, are not extensively documented in public sources. Lores relocated to the United States during his career at Hewlett-Packard, as the company's operations are headquartered in [[Palo Alto, California]], and later in the broader [[San Francisco Bay Area]]. He has maintained a relatively private personal profile throughout his career in corporate leadership.
 
Throughout his career at HP, Lores was based in the United States, where HP Inc. is headquartered in [[Palo Alto, California]]. His career at the company involved roles that required engagement with HP's operations across multiple regions worldwide.
 
Lores has been associated with [[The Conference Board]], a business-focused research organization.<ref name="Conference Board">{{cite web |title=Enrique Lores |url=https://www.conference-board.org/bio/enrique-lores |publisher=The Conference Board |access-date=2026-02-23}}</ref>


== Recognition ==
== Recognition ==


Lores's career has been marked by his steady rise through one of the world's largest technology companies and his eventual appointment to lead two major publicly traded corporations. His selection as CEO of HP Inc. in 2019 was notable as it placed a Spanish-born executive at the helm of one of [[Silicon Valley]]'s most storied companies, a successor to the original Hewlett-Packard founded in a Palo Alto garage in 1939.<ref name="HP CEO Announcement" />
Lores's career trajectory from engineering intern to CEO of HP Inc., one of the world's largest personal computing and printing technology companies, has been noted in business media coverage. His appointment as HP's CEO in 2019 drew attention as a marker of the company's continued evolution following the 2015 corporate split, and his subsequent appointment as CEO of PayPal in 2026 was covered extensively by major financial and technology news outlets including [[Bloomberg News]], ''[[The Wall Street Journal]]'', ''[[Fortune (magazine)|Fortune]]'', [[TechCrunch]], and [[Yahoo Finance]].<ref name="Bloomberg" /><ref name="WSJ" /><ref name="Fortune" /><ref name="TechCrunch" /><ref name="Yahoo" />


His appointment as CEO of PayPal in 2026 was covered extensively by major financial and technology media outlets, including [[Bloomberg News|Bloomberg]], ''[[The Wall Street Journal]]'', ''[[Fortune (magazine)|Fortune]]'', [[TechCrunch]], and [[Yahoo Finance]], reflecting his prominence in the business world.<ref name="Bloomberg News" /><ref name="WSJ" /><ref name="Fortune" /><ref name="TechCrunch" /><ref name="Yahoo" />
Lores has been recognized for his role in leading HP Inc. through a period of significant market transformation and for his involvement in key strategic initiatives such as the Hewlett-Packard separation and the Samsung printer business acquisition.<ref name="CRN" /><ref name="Forbes" /> His membership on the board of [[The Conference Board]], a global business research organization, has also been noted.<ref name="ConferenceBoard" />


As a Spanish-born executive leading major American technology companies, Lores has been one of the more prominent European-born leaders in the U.S. technology industry.
''Forbes'' profiled Lores upon his appointment as HP Inc.'s CEO in 2019, highlighting his three-decade career at the company and the challenges he faced in taking the helm during a period of workforce restructuring and market shifts in the printing industry.<ref name="Forbes" /> CRN included Lores in its coverage of HP leadership transitions, noting his broad experience across multiple business units and his role in the 2015 corporate separation.<ref name="CRN" />


== Legacy ==
== Legacy ==


As of early 2026, Lores's legacy remains in active development as he transitions into his new role at PayPal. His tenure at HP Inc. spanned more than six years as CEO and more than thirty years at the company overall, during which he was involved in defining moments in the company's history.
Lores's career represents a trajectory spanning more than three decades in the global technology industry. His rise from an engineering intern at Hewlett-Packard in 1989 to the role of President and CEO of HP Inc. is documented as one of the longer internal leadership journeys in the company's history.<ref name="CRN" /><ref name="Forbes" /> His involvement in the 2015 separation of Hewlett-Packard into two independent companies was a defining chapter in the history of one of [[Silicon Valley]]'s foundational technology firms, and his leadership of the Separation Management Office placed him at the center of one of the largest corporate reorganizations in the technology sector.


His leadership of the Separation Management Office during the 2015 Hewlett-Packard split was a formative contribution to the creation of HP Inc. as an independent entity.<ref name="CRN" /> The separation resulted in two distinct companies—HP Inc. and Hewlett Packard Enterprise—each focused on different segments of the technology market, and Lores's role in executing this complex division positioned him as a key architect of HP Inc.'s independent identity.
As CEO of HP Inc. from 2019 to 2026, Lores led the company through a period marked by the COVID-19 pandemic, shifts in global supply chains, and evolving demand patterns in the personal computing and printing markets. The restructuring plan announced at the outset of his tenure, which included the reduction of up to 9,000 positions, was part of a broader effort to adapt the company's cost structure and business model to changing market conditions.<ref name="Forbes" />


As CEO, Lores guided HP Inc. through the volatile period surrounding the COVID-19 pandemic, managing both the surge in demand for computing equipment driven by remote work and the subsequent market correction. His strategy of focusing on portfolio expansion, digital transformation, and organizational streamlining reflected an effort to adapt the company to changing market conditions in both the personal computing and printing sectors.<ref name="HP CEO Announcement" /><ref name="Forbes" />
Lores's transition from HP Inc. to PayPal in 2026 marked one of the more notable cross-industry CEO moves in recent corporate history, taking him from a hardware and printing technology company to one of the world's largest digital payments platforms.<ref name="WSJ" /><ref name="Fortune" /> The appointment reflected the PayPal board's decision to seek leadership with deep operational and strategic experience from outside the financial technology sector.<ref name="PayPal PR" />


His move to PayPal in 2026 represented one of the more unusual CEO transitions in the technology industry, as it involved a shift from a hardware-focused company to a digital payments platform. The outcome of this transition, and its implications for both HP Inc. and PayPal, will shape the assessment of Lores's career in the years to come.
His career has also been noted as an example of a European-born executive who built a career in American corporate leadership, having begun in Spain and risen to lead major U.S.-headquartered global companies.<ref name="Forbes" /><ref name="BloombergProfile" />


== References ==
== References ==
<references />
<references />


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Latest revision as of 04:43, 24 February 2026



Enrique Lores
Lores in 2024
Enrique Lores
BornEnrique José Lores Obradors
1965
BirthplaceMadrid, Spain
NationalitySpanish-American
OccupationBusiness executive
TitleCEO of PayPal
Known forPresident and CEO of HP Inc. (2019–2026); CEO of PayPal (2026–present)
EducationPolytechnic University of Valencia (BEE)
ESADE Business School (MBA)

Enrique José Lores Obradors (born 1965) is a Spanish-American business executive who served as the President and Chief Executive Officer of HP Inc. from November 2019 to February 2026. In February 2026, he was appointed CEO of PayPal Holdings Inc., succeeding Alex Chriss.[1] Born in Madrid, Lores spent over three decades at Hewlett-Packard and its successor company HP Inc., rising from an engineering intern to the company's top leadership position. During his career at HP, he held senior roles across the company's Personal Systems, Print, Industrial, and Services businesses, and played a central role in the 2015 separation of Hewlett-Packard into two publicly traded companies: Hewlett Packard Enterprise and HP Inc.[2] As CEO of HP Inc., Lores oversaw the company through significant shifts in the global computing and printing markets, implementing a strategy centered on portfolio expansion, digital transformation, and workforce restructuring. His appointment as CEO of PayPal in early 2026 marked a transition from the hardware and printing technology sector to the digital payments industry.[3]

Early Life

Enrique José Lores Obradors was born in 1965 in Madrid, Spain.[4] Details regarding his family background and upbringing have not been extensively documented in public sources. Lores grew up in Spain and pursued his higher education at institutions in the Valencia and Barcelona regions before embarking on a career in the technology industry that would eventually take him to the United States.[2]

Education

Lores earned a bachelor's degree in electrical engineering from the Polytechnic University of Valencia, one of Spain's prominent technical universities.[4] He subsequently obtained a Master of Business Administration (MBA) from ESADE Business School in Barcelona, a graduate business school affiliated with Ramon Llull University.[4][5] The combination of technical and business education formed the foundation for Lores's career trajectory, which spanned engineering, operations, sales, and general management in the global technology sector.

Career

Early Career at Hewlett-Packard (1989–2015)

Lores began his career at Hewlett-Packard (HP) in 1989, joining the company as an engineering intern shortly after completing his degree in electrical engineering from the Polytechnic University of Valencia.[2][4] Over the course of the next three decades, he rose through the ranks of the organization, holding a series of senior leadership positions that spanned multiple business units and geographic regions.

During his tenure at Hewlett-Packard, Lores gained experience across the company's Personal Systems, Print, Industrial, and Services businesses, serving in roles at both the regional and worldwide level.[2] Among his notable positions were general manager of HP's commercial personal computer business, senior vice president of worldwide customer support and services, and senior vice president of worldwide sales and solutions.[6] These roles gave Lores broad operational exposure to HP's diverse product portfolio and its global customer base.

One of the most significant chapters of Lores's career at Hewlett-Packard was his involvement in the company's corporate split. In 2015, Hewlett-Packard undertook a complex separation into two independent publicly traded companies: Hewlett Packard Enterprise, focused on enterprise products and services, and HP Inc., which retained the personal computing and printing businesses. Lores led the Separation Management Office, playing a key role in planning and executing the division of one of the world's largest technology companies into two distinct entities.[2][4] The separation, which became effective on November 1, 2015, was one of the largest corporate splits in the technology industry at the time.

Leadership at HP Inc. (2015–2019)

Following the completion of the Hewlett-Packard split, Lores continued in senior leadership at the newly formed HP Inc. He served as President of HP's Imaging, Printing and Solutions business, a role in which he oversaw the company's largest product segment.[6] The printing division was a major revenue and profit driver for HP Inc., and Lores was responsible for guiding its strategy, operations, and growth initiatives.

During this period, Lores was involved in strategic initiatives that shaped HP Inc.'s competitive position in the printing market. Among these was the acquisition of Samsung's printer business, a transaction that expanded HP's presence in the laser printer segment and broadened its intellectual property portfolio.[4] The Samsung printer deal, which closed in 2017, was valued at approximately $1.05 billion and represented one of the most significant acquisitions in the printing industry.

Lores's leadership of the printing business also encompassed efforts to drive innovation in printing technologies, including the development of HP's 3D printing capabilities and the expansion of its commercial and industrial printing offerings.[2]

CEO of HP Inc. (2019–2026)

On August 22, 2019, HP Inc.'s board of directors unanimously appointed Lores as the company's next President and CEO, succeeding Dion Weisler, who stepped down for family health reasons.[6] Lores's appointment became effective on November 1, 2019.[6][4]

Shortly after his appointment was announced, in October 2019, HP Inc. revealed a restructuring plan that included the elimination of between 7,000 and 9,000 jobs, representing approximately 16 percent of the company's workforce at the time. The restructuring was projected to generate approximately $1 billion in annual savings by the end of fiscal year 2022.[4] The plan signaled Lores's intention to streamline operations and position the company for a period of transformation in the face of declining print volumes and shifting market dynamics in the PC industry.

As CEO, Lores pursued a strategy that emphasized several key pillars: portfolio expansion beyond HP's traditional hardware businesses, digital transformation of the company's products and services, and investment in talent development.[6] Under his leadership, HP Inc. navigated significant industry challenges, including the disruptions caused by the COVID-19 pandemic, which initially drove a surge in demand for personal computers as remote work and distance learning became widespread, followed by a subsequent market correction as demand normalized.

Lores's tenure also saw HP Inc. confront evolving dynamics in the printing market, where the shift toward digital workflows and declining print volumes in certain segments required the company to adapt its business model. HP pursued growth in areas such as subscription-based printing services, industrial printing, and 3D printing technologies during this period.[2]

During his time as CEO, Lores also served on HP Inc.'s board of directors and held positions on other boards. He joined the board of PayPal Holdings Inc. and eventually became chair of the PayPal board, a role that preceded his appointment as PayPal's CEO.[1][7]

Lores's tenure as CEO of HP Inc. concluded in early 2026 when he departed to assume the top role at PayPal.[8]

Appointment as CEO of PayPal (2026)

On February 3, 2026, PayPal Holdings Inc. announced that Lores had been appointed as the company's Chief Executive Officer and President, effective immediately, replacing Alex Chriss.[1] Chriss had served as PayPal's CEO since September 2023 but was replaced after less than two and a half years in the role.[9] Alongside the CEO appointment, PayPal named David W. Dorman as independent board chair.[1]

The announcement described the leadership change as stemming from the PayPal board's assessment that new leadership was needed. Fortune reported that Chriss "lasted barely two years after failing to halt a massive slide in PayPal's share price."[9] The Wall Street Journal reported that the CEO change coincided with PayPal flagging expectations of lower earnings for 2026.[10]

Lores had been serving as chair of PayPal's board of directors prior to his appointment as CEO, giving him familiarity with the company's operations, strategy, and challenges.[7] TechCrunch reported that PayPal hired Lores as its CEO and president to replace Chriss.[11]

According to Semafor, the decision to appoint Lores as PayPal's CEO caught HP Inc.'s board by surprise, suggesting that the move was orchestrated primarily by the PayPal board without advance coordination with HP's leadership.[12] Payments industry publication PaymentsDive also covered the appointment, noting the transition of leadership at one of the world's largest digital payments companies.[13]

Following the announcement, PayPal's stock initially experienced volatility. Bloomberg News reported that shares fell after the CEO announcement coincided with a profit miss in the company's quarterly earnings report.[3] However, in the weeks that followed, PayPal's stock recovered, trading up approximately 6.23 percent as markets responded to news of strategic business enhancements under the new leadership.[14]

In an interview reported by Yahoo Finance, Lores discussed his reasons for leaving HP Inc. to take the PayPal role, describing the opportunity to lead a major digital payments company during a period of transformation in the financial technology sector.[7]

Personal Life

Lores was born in Madrid, Spain, and holds both Spanish and American nationality.[4][15] Details about his personal life, including information about his family, are not extensively documented in public sources. Lores relocated to the United States during his career at Hewlett-Packard, as the company's operations are headquartered in Palo Alto, California, and later in the broader San Francisco Bay Area. He has maintained a relatively private personal profile throughout his career in corporate leadership.

Recognition

Lores's career trajectory from engineering intern to CEO of HP Inc., one of the world's largest personal computing and printing technology companies, has been noted in business media coverage. His appointment as HP's CEO in 2019 drew attention as a marker of the company's continued evolution following the 2015 corporate split, and his subsequent appointment as CEO of PayPal in 2026 was covered extensively by major financial and technology news outlets including Bloomberg News, The Wall Street Journal, Fortune, TechCrunch, and Yahoo Finance.[3][10][9][11][7]

Lores has been recognized for his role in leading HP Inc. through a period of significant market transformation and for his involvement in key strategic initiatives such as the Hewlett-Packard separation and the Samsung printer business acquisition.[2][4] His membership on the board of The Conference Board, a global business research organization, has also been noted.[5]

Forbes profiled Lores upon his appointment as HP Inc.'s CEO in 2019, highlighting his three-decade career at the company and the challenges he faced in taking the helm during a period of workforce restructuring and market shifts in the printing industry.[4] CRN included Lores in its coverage of HP leadership transitions, noting his broad experience across multiple business units and his role in the 2015 corporate separation.[2]

Legacy

Lores's career represents a trajectory spanning more than three decades in the global technology industry. His rise from an engineering intern at Hewlett-Packard in 1989 to the role of President and CEO of HP Inc. is documented as one of the longer internal leadership journeys in the company's history.[2][4] His involvement in the 2015 separation of Hewlett-Packard into two independent companies was a defining chapter in the history of one of Silicon Valley's foundational technology firms, and his leadership of the Separation Management Office placed him at the center of one of the largest corporate reorganizations in the technology sector.

As CEO of HP Inc. from 2019 to 2026, Lores led the company through a period marked by the COVID-19 pandemic, shifts in global supply chains, and evolving demand patterns in the personal computing and printing markets. The restructuring plan announced at the outset of his tenure, which included the reduction of up to 9,000 positions, was part of a broader effort to adapt the company's cost structure and business model to changing market conditions.[4]

Lores's transition from HP Inc. to PayPal in 2026 marked one of the more notable cross-industry CEO moves in recent corporate history, taking him from a hardware and printing technology company to one of the world's largest digital payments platforms.[10][9] The appointment reflected the PayPal board's decision to seek leadership with deep operational and strategic experience from outside the financial technology sector.[1]

His career has also been noted as an example of a European-born executive who built a career in American corporate leadership, having begun in Spain and risen to lead major U.S.-headquartered global companies.[4][15]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "PayPal Appoints Enrique Lores as Chief Executive Officer and David W. Dorman as Independent Board Chair".PayPal Investor Relations.2026-02-03.https://investor.pypl.com/news-and-events/news-details/2026/PayPal-Appoints-Enrique-Lores-as-Chief-Executive-Officer-and-David-W--Dorman-as-Independent-Board-Chair/default.aspx.Retrieved 2026-02-23.
  2. ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 "5 Things To Know About HP's Next CEO Enrique Lores".CRN.https://www.crn.com/slide-shows/components-peripherals/5-things-to-know-about-hp-s-next-ceo-enrique-lores.Retrieved 2026-02-23.
  3. ↑ 3.0 3.1 3.2 "PayPal Shares Plunge After CEO Announcement, Profit Miss".Bloomberg.2026-02-03.https://www.bloomberg.com/news/articles/2026-02-03/paypal-names-hp-s-enrique-lores-to-replace-ceo-alex-chriss.Retrieved 2026-02-23.
  4. ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 FeldmanAmyAmy"Spotlight On HP Incoming CEO Enrique Lores As The Printer Giant Announces A Restructuring And Plans To Cut Up To 9,000 Jobs".Forbes.2019-10-04.https://www.forbes.com/sites/amyfeldman/2019/10/04/spotlight-on-hp-incoming-ceo-enrique-lores-as-the-printer-giant-announces-a-restructuring-and-plans-to-cut-up-to-9000-jobs/.Retrieved 2026-02-23.
  5. ↑ 5.0 5.1 "Enrique Lores".The Conference Board.https://www.conference-board.org/bio/enrique-lores.Retrieved 2026-02-23.
  6. ↑ 6.0 6.1 6.2 6.3 6.4 "HP Announces CEO Succession".HP Inc..2019-08-22.https://www.hp.com/us-en/newsroom/press-releases/2019/hp_announces_ceo_succession.html.Retrieved 2026-02-23.
  7. ↑ 7.0 7.1 7.2 7.3 "HP CEO Enrique Lores reveals why he is leaving to be the CEO of PayPal".Yahoo Finance.2026-02-03.https://finance.yahoo.com/news/hp-ceo-enrique-lores-reveals-why-he-is-leaving-to-be-the-ceo-of-paypal-123935117.html.Retrieved 2026-02-23.
  8. ↑ "HP Inc. Announces HP Leadership Transition".HP Inc..2026.https://www.hp.com/us-en/newsroom/press-releases/2026/hp-inc-announces-hp-leadership-transition.html.Retrieved 2026-02-23.
  9. ↑ 9.0 9.1 9.2 9.3 "PayPal dumps CEO in surprise shake-up, poaches HP's top exec as replacement".Fortune.2026-02-03.https://fortune.com/2026/02/03/paypal-dumps-ceo-in-surprise-shakeup-poaches-hps-top-exec-as-replacement/.Retrieved 2026-02-23.
  10. ↑ 10.0 10.1 10.2 "PayPal Replaces CEO as It Flags Lower Earnings".The Wall Street Journal.2026-02-03.https://www.wsj.com/business/earnings/paypal-names-hp-exec-as-new-ceo-expects-earnings-decline-in-2026-f62d3fc2.Retrieved 2026-02-23.
  11. ↑ 11.0 11.1 "PayPal hires HP's Enrique Lores as its new CEO".TechCrunch.2026-02-03.https://techcrunch.com/2026/02/03/paypal-hires-hps-enrique-lores-as-its-new-ceo/.Retrieved 2026-02-23.
  12. ↑ "PayPal's CEO change blindsided HP's board".Semafor.2026-02-03.https://www.semafor.com/article/02/03/2026/paypals-ceo-change-blindsided-hps-board.Retrieved 2026-02-23.
  13. ↑ "PayPal appoints new CEO".PaymentsDive.2026-02-03.https://www.paymentsdive.com/news/paypal-appoints-new-ceo/811189/.Retrieved 2026-02-23.
  14. ↑ "PayPal Appoints Enrique Lores as CEO Amid Market Shift".StocksToTrade.2026-02-23.https://stockstotrade.com/news/paypal-holdings-inc-pypl-news-2026_02_23/.Retrieved 2026-02-23.
  15. ↑ 15.0 15.1 "Enrique Lores".Bloomberg.https://www.bloomberg.com/profile/person/16011706.Retrieved 2026-02-23.

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