New CEO of PayPal Appointed: Enrique Lores Steps In to Lead Digital Payments

new CEO of PayPal

PayPal has appointed Enrique Lores as the new CEO of PayPal, replacing Alex Chriss. The board made the move after reviewing company performance, noting that while progress was made in areas like Venmo monetization and Buy Now, Pay Later (BNPL) services, the pace of change needed to be faster.

Lores has been on PayPal’s board for nearly five years and became Board Chair in July 2024. His experience leading major transformations at HP makes him the board’s choice to guide PayPal through a competitive digital payments market.

Why PayPal Needed a New CEO

PayPal’s financial performance has been under pressure. Over the past year:

  • Stock dropped 41.4%

  • Shares hit a 52-week low of $52.06

  • Missed revenue and slow growth raised investor concerns

MetricStatus (Feb 2026)
Stock Trend-41.4% YoY
52-Week Low$52.06
Q4 Adjusted EPS$1.23 (Consensus: $1.29)
Q4 Revenue$8.68 Billion (Consensus: $8.79 Billion)

The new CEO of PayPal now faces the task of restoring investor confidence while keeping the company competitive.

Who is Enrique Lores?

new CEO of PayPal
Enrique Lores, the newly appointed CEO of PayPal

Enrique Lores brings over 30 years of experience in technology and business leadership. At HP, he:

  • Shifted the company from hardware to services and subscriptions

  • Led the HP/HPE separation

  • Introduced workplace and technology innovations

The board believes this experience is key as PayPal looks to grow in digital payments, Venmo integration, and BNPL services.

Lores said:
“We will strengthen innovation and deliver results more quickly, while focusing on both short-term and long-term goals.”

Interim Leadership and Board Changes

To ensure a smooth handover:

  • Jamie Miller, PayPal’s CFO and COO, will serve as Interim CEO until March 1, 2026

  • David W. Dorman has been appointed Independent Board Chair

This keeps operations steady while the new CEO of PayPal steps in.

Challenges Ahead

PayPal faces tough competition:

  • Traditional players like Visa and Mastercard are regaining market share

  • Digital wallets like Apple Pay and Google Pay are growing quickly

  • Maintaining branded checkout dominance is critical for customer retention

Market Reaction

Analysts have reacted cautiously:

  • Rothschild Redburn: Sell, target $50

  • Morgan Stanley: Underweight, target $50

  • Cantor Fitzgerald: Neutral, target $60

  • Jefferies: Hold, target $60

The new CEO of PayPal will need to prove he can boost growth and reassure investors.

The Road Ahead for PayPal

Lores plans to focus on:

  • Expanding Venmo integration for online and in-store payments

  • Strengthening BNPL services

  • Using customer data for personalized shopping experiences

  • Moving beyond the checkout button to build a full commerce platform

These steps aim to make PayPal more competitive in the fast-changing digital payments world.

Read more

Bhumi Pednekar Daldal Review: Why This Crime Thriller Feels More Draining Than Thrilling

Bhumi Pednekar daldal, bhumi as DCP Rita Ferreira in the crime thriller series Daldal

Bhumi Pednekar Daldal is a dark, female-led OTT crime thriller following DCP Rita Ferreira as she tackles crime, trauma, and systemic corruption. While visually intense and anchored by Pednekar’s performance, this bhumi pednekar daldal review finds the series emotionally draining, relying too much on gore and familiar crime tropes.

TCS Budget 2026 Brings Major Financial Relief for Indian Students Planning to Study Abroad

Indian students planning to study abroad after TCS Budget 2026 reduces education remittance tax

The TCS Budget 2026 has reduced Tax Collected at Source (TCS) on education remittances from 5% to 2%, easing financial pressure on Indian students planning to study abroad. Families sending funds for tuition and living expenses will now retain more liquidity, making overseas education more accessible. The change under the Liberalised Remittance Scheme (LRS) is expected to benefit self-funded students and simplify compliance.

Union Budget 2026: How New Income Tax Rules Affect Your Wallet

Union Budget 2026 income tax

The Union Budget 2026 income tax changes bring relief for the middle class and simplify filing for all taxpayers. With widened tax slabs, an enhanced Section 87A rebate of up to ₹60,000, and standard deductions of ₹75,000 for salaried individuals, understanding your tax liability has never been more important. Our guide explains step-by-step how to calculate income tax under the new rules for FY 2026-27.

147,000 AI Agents in 72 Hours: Why Moltbook Is the Internet’s Most Surprising Launch

Moltbook AI chatroom where artificial intelligence agents interact autonomously, what is moltbook

What is Moltbook? The internet has always been a place for people. From social media feeds to comment sections, humans have been the ones posting, reacting, and arguing online. But a new platform called Moltbook is changing that idea completely. For the first time, artificial intelligence gets its own chatroom—a social network where AI talks … Read more

Dhurandhar in Netflix: Watch Ranveer Singh’s Record-Breaking Spy Film Online

dhurandhar in netflix

The blockbuster spy thriller Dhurandhar, starring Ranveer Singh, is set to stream exclusively on Netflix starting January 30, 2026 at midnight IST. Directed by Aditya Dhar, the film became a box office phenomenon, crossing ₹1,000 crore in India and captivating audiences with high-octane action and gripping espionage. Fans who missed the theatrical release can now catch Ranveer Singh as Hamza in a mission filled with suspense, thrilling sequences, and stellar performances from Akshaye Khanna, R. Madhavan, and Sanjay Dutt. With Dhurandhar 2 scheduled for theaters on March 19, 2026, streaming the first installment on Netflix is the perfect way to prepare for the sequel.

How Can I Help You?