HP CEO prints final page after six years, moves to PayPal

Longtime HP CEO Enrique Lores is decamping for a top job at PayPal, handing the reins to an interim chief while the business hunts for a permanent successor.

In a double leadership shake-up, HP confirmed that Lores has stepped down as president, CEO, and board member to take the top executive role at PayPal, effective March 1, with the payments outfit lauding his "strong track record" and "disciplined execution."

HP's board immediately installed Bruce Broussard as interim CEO. A board member since 2021, Broussard is a seasoned corporate hand best known outside tech for more than a decade running healthcare giant Humana and earlier leadership roles at US Oncology. HP said it has engaged a global search firm to find a permanent chief.

"Disciplined execution is delivering consistent progress in a dynamic environment," said HP chair Chip Bergh in a statement that could have doubled as a year-end earnings ...