PayPal Holdings, Inc. announced a significant leadership transition, appointing Enrique Lores, former CEO of HP Inc., as its new President and Chief Executive Officer, effective March 1, 2026. The appointment follows the immediate departure of Alex Chriss, who ceased his role as President and CEO on February 2, 2026. The company's CFO & COO, Jamie Miller, will serve as Interim CEO during the transition.
Key Details
- New CEO: Enrique Lores will assume the role of President and CEO on March 1, 2026. His compensation includes a $1.45 million base salary, a 200% target bonus, a $20 million make-whole RSU award, and a one-time PSU award with a target value of $25 million.
- CEO Departure: Alex Chriss's tenure as President and CEO ended on February 2, 2026. The accompanying press release stated the Board was not satisfied with the pace of change and execution under his leadership.
- Interim Leadership: CFO & COO Jamie Miller has been appointed Interim CEO and will receive a $3 million cash retention award. Board member David Dorman has been appointed as the new Chair of the Board.