IN SURPRISING MOVE, HP CEO STEPS DOWN TO LEAD PAYPAL

Summary from the TLDR newsletter

HP CEO Enrique Lores will replace PayPal's previous CEO, Alex Chriss, starting March 1. Lores has served on the PayPal board for nearly five years and as Board Chair since July 2024. HP was reportedly blindsided by the decision, which was only communicated to the company's board in recent weeks. Lores worked at HP for 36 years, joining the company as an engineering intern. HP has named board member Bruce Broussard as interim CEO.