PayPal dumps CEO in surprise shakeup, poaches HP's top exec as replacement [Fortune]
HP Inc. (HPQ)
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Source: Fortune
Barely two years later, that vision has come up short as PayPal on Tuesday announced it was pushing out Chriss in favor of board chairman Enrique Lores, who is currently CEO of HP . The move comes after Chriss failed to halt a slide in PayPal's share price, which is down around 80% from five years ago, and as the company predicted lower earnings for 2026. Recommended Video In a statement , PayPal made clear it was replacing Chriss due to poor performance, stating, “The pace of change and execution was not in line with the Board's expectations.” The appointment of Lores appears to have done little to reassure the market, which reacted to the glum earnings news with a further sell-off, sending PayPal shares down around 17% on Tuesday. Meanwhile, the news of Lores's departure reportedly blindsided HP, which named board member Bruce Broussard, a former CEO of Humana , as its interim leader. PayPal's shares are currently trading around $42, which is a far cry from 2021 when the sto
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News
- PayPal Stock Is Now Deep in Oversold Territory. Should You Buy the Dip After 8-Day Losing Streak? [Yahoo! Finance]Yahoo! Finance
- PayPal Stock Crashes After Weak Outlook and CEO Shake-Up [Yahoo! Finance]Yahoo! Finance
- Wall Street Lunch: PayPal Plunges As It Ousts CEO [Seeking Alpha]Seeking Alpha
- PayPal bulls set to win big as spooked investors 'puke in the hole': Analyst [Yahoo! Finance]Yahoo! Finance
- HP and Karamba Security Sign Multi-Year Licensing Agreement to Protect HP’s Printers GlobeNewswire
HPQ
Earnings
- 11/25/25 - Beat
HPQ
Sec Filings
- 2/3/26 - Form 8-K
- 12/30/25 - Form 4
- 12/29/25 - Form 8-K/A
- HPQ's page on the SEC website