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PANews reported on February 3rd that PayPal (PYPL.O) announced that CEO Alex Chriss will be replaced by HP CEO Enrique Lores, following the company's announcementPANews reported on February 3rd that PayPal (PYPL.O) announced that CEO Alex Chriss will be replaced by HP CEO Enrique Lores, following the company's announcement

PayPal's fourth-quarter earnings missed expectations, and the company changed its CEO.

Author: PANews

Source: PANews

2026/02/03 20:32

1 min read

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PANews reported on February 3rd that PayPal (PYPL.O) announced that CEO Alex Chriss will be replaced by HP CEO Enrique Lores, following the company's announcement of lower-than-expected profits and revenue. PayPal's stock price plummeted as much as 16% in pre-market trading. According to the statement, Chief Financial Officer Jamie Miller will serve as interim CEO until Lores officially takes office on March 1st. Fourth-quarter earnings missed expectations, with the company citing weak U.S. retail spending and headwinds in international business. Another statement showed that online checkout growth for the PayPal brand slowed to 1%, down from 6% a year ago. Fourth-quarter earnings per share were $1.23, and total revenue was $8.68 billion, both below analysts' expectations for the quarter.

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