HP CEO prints final page after six years, moves to PayPal

Longtime HP CEO Enrique Lores is decamping for a top job at PayPal, handing the reins to an interim chief while the business hunts for a permanent successor. In a double leadership shake-up, HP confirmed that Lores has stepped down as president, CEO, and board member to take the top executive role at PayPal, effective March 1 …

[GuldenNL]

Hoo boy! Turnover Redeux

Take a look at Broussard's reign at Humana, in the short time that they were my customer, no less than nine VPs were flipped in and out of their IT mgmt stack over customer facing tech.

It reminded me of the Leo/Meg days of HP. Has it returned?

[timrosu]

This doesn't sound anything like reg. In the last 10 years HP's consumer products went to shit. Scan sw that requires an account to function, autoupdating firmware that removes lots of features, crappy build quality...

The only thing HP is better that, say brother, is Linux usb drivers. HP uses ipp over usb which doesn't require any oem drivers, meanwhile brother provides binary compiled only for x64.

[Anonymous Coward]

HP have gone from champions to do-not-buy for exactly the antics that you describe. Plus printers that are locked to 'genuine' (ridiculously expensive) cartridges. But scanning (locally) requiring an account was the final straw for me.

[Anonymous Coward]

Given inflation the top line is also down 25% over his tenure, which is lot worse than being level. So in essence, over 6 years he's presided over falling sales, loss of workforce, and a significant enshittification of product lines. And that's at a company where he's a lifer. It seems quite heroic of the Paypal board to believe he'll be anything better than useless.

This article really isn't biting the hand that feeds, even if it deserves it.

[Anonymous Coward]

Sheesh

Does this mean I should dump PayPal?

[jockmcthingiemibobb]

Re: Sheesh

You should have dumped Paypal years ago!

[Taliesinawen]

Interesting times at HP :o

In Nov 2025 HP CEO Enrique Lores announced plans to cut 4,000–6,000 jobs to achieve $1 billion in annual savings to fund AI adoption across product development, customer support, sales, manufacturing, and internal operations.

[alain williams]

Will PayPal reject Enrique Lores ...

on the grounds that he is not a genuine exec of PayPal origin and then brick his PayPal account ?

[David Austin]

Great Idea;

Have they considered replacing him with a third party CEO? They'll save loads of money, once they figure out how to sneak him in past security...

[Anonymous Coward]

And how many millions did he get rewarded with for dropping HP's revenue by 3 billion per year?

[b1k3rdude]

move on? yeah ok, he got head hunted because PayPay is going down the toilet, like I with Palantir would..

[BebopWeBop]

could have bought a couple of crates of toner

Pretty small crates I suspect. Can we have a unit definition El Reg's indispensible guide please?

https://www.theregister.com/Design/page/reg-standards-converter.html

[sarusa]

Shuffling the poop deck

So a scum and villain moved from one hive of scum and villainy to an even bigger hive of scum and villainy. Yep, that's C-level execery.