PayPal Names Enrique Lores CEO, David W. Dorman as Board Chair
PayPal Holdings Inc. has made significant leadership changes, announcing the appointment of Enrique Lores as its new President and CEO, effective March 1, 2026. This appointment, confirmed on February 3, 2026, replaces Alex Chriss, who held the position for over two years.
Key Leadership Appointments at PayPal
Alongside Lores’ appointment, David W. Dorman has become the Independent Board Chair of PayPal, effective immediately. The Board of Directors conducted a thorough evaluation of PayPal’s current position in the competitive landscape and decided that new leadership was necessary to propel the company forward.
Enrique Lores: A Visionary Leader
Lores brings over 30 years of experience in technology and business management to PayPal. He has served on the PayPal Board for nearly five years and was appointed Board Chair in July 2024. Before joining PayPal, Lores was President and CEO of HP Inc., where he led successful strategic transitions and expanded the company into new service areas, including AI-driven solutions.
Transition and Strategy
- Jamie Miller, the Chief Financial and Operating Officer, will serve as Interim CEO until Lores takes over.
- Lores aims to strengthen PayPal’s culture of innovation while ensuring efficient execution and accountability.
- The Board is committed to maintaining PayPal’s leadership within the dynamic payments industry.
During his tenure at HP, Lores was instrumental in developing the company’s operating discipline and simplifying its cost structure, which equipped it for long-term innovation.
Insights from Leadership
Lores expressed his vision for PayPal, emphasizing the need for rapid innovation in light of evolving technologies and competitive dynamics in the payments industry. He aims to guide PayPal to navigate these changes effectively and shape the future of digital commerce.
David W. Dorman endorsed Lores’ capabilities, highlighting his strong track record of transformation. Dorman looks forward to collaborating closely with Lores as he steps into the CEO role.
Farewell to Alex Chriss
The Board thanked Alex Chriss for his contributions over the past two and a half years, which included the monetization of Venmo and the growth of the buy now, pay later (BNPL) business. Chriss reflected on his positive working relationship with Lores and expressed confidence in his successor’s ability to lead the company through its next phase.
About PayPal
PayPal has been a leader in revolutionizing global commerce for over 25 years. With a presence in approximately 200 markets, PayPal provides secure and personalized financial solutions for consumers and businesses alike, simplifying transactions worldwide.
