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HP President & CEO Enrique Lores steps down to join PayPal

HP describes it a ‘leadership transition’ as the company’s President & CEO for the last 6 years, Enrique Lores has resigned from HP and accepted a senior role at PayPal. HP board member Bruce Broussard has duly been appointed as HP’s Interim CEO and the company was quick to reaffirm its positive first quarter performance and fiscal 2026 outlook. Bruce, a member of HP’s Board of Directors since 2021, says that HP is shaping the next era of technology with a relentless commitment to empowering people and businesses to thrive. “I am honoured to serve as Interim CEO,” he asserts. 

Bruce continues, “As we begin fiscal 2026, we will continue to drive our One HP platform to deliver technology that promotes growth and professional fulfilment for our customers and sustained value creation for our shareholders. In the meantime, I look forward to being an effective steward of the company’s strategic progress and providing stability and continuity as we run a CEO search process.” Broussard himself brings more than 30 years of leadership experience at public companies to bear. He most recently served as President and CEO of Humana Inc., a leading healthcare company, for more than a decade. Before that, he served in multiple capacities during his 11-year tenure at US Oncology, including Chief Financial Officer, Chief Executive Officer, and Chairman of the Board. Upon the sale to McKesson, he became the President of the Specialty Pharmacy Division.

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