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PayPal Appoints Enrique Lores as New Independent Board Chair

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PayPal (NASDAQ: PYPL) announced the appointment of Enrique Lores as the new Independent Chair of its Board of Directors, effective July 24, 2024. Lores, currently President and CEO of HP, succeeds John Donahoe, who is retiring after serving since 2015. Lores has been a board member since June 2021, bringing extensive experience in consumer and enterprise technology. PayPal's CEO, Alex Chriss, praised Lores's ability to lead and transform, highlighting his impact at HP. Lores expressed enthusiasm for his new role, emphasizing his commitment to working with PayPal's leadership to achieve outstanding results for customers and shareholders. Donahoe, reflecting on his tenure, endorsed Lores's expertise in corporate transformation and his potential to guide PayPal's future success. The transition marks a significant leadership change as PayPal continues to navigate its position in the digital commerce arena.

PayPal (NASDAQ: PYPL) ha annunciato la nomina di Enrique Lores come nuovo Presidente Indipendente del Consiglio di Amministrazione, a partire dal 24 luglio 2024. Lores, attualmente Presidente e CEO di HP, succede a John Donahoe, che va in pensione dopo aver servito dal 2015. Lores è membro del consiglio dal giugno 2021 e porta con sé un'ampia esperienza nel settore della tecnologia per consumatori e imprese. Il CEO di PayPal, Alex Chriss, ha elogiato la capacità di Lores di guidare e trasformare, sottolineando il suo impatto in HP. Lores ha espresso entusiasmo per il suo nuovo ruolo, enfatizzando il suo impegno a collaborare con la leadership di PayPal per ottenere risultati eccezionali per clienti e azionisti. Donahoe, riflettendo sul suo mandato, ha sostenuto l'esperienza di Lores nella trasformazione aziendale e il suo potenziale per guidare il successo futuro di PayPal. Questa transizione segna un cambiamento significativo nella leadership mentre PayPal continua a navigare la sua posizione nel campo del commercio digitale.

PayPal (NASDAQ: PYPL) anunció el nombramiento de Enrique Lores como nuevo Presidente Independiente de su Junta Directiva, a partir del 24 de julio de 2024. Lores, actualmente Presidente y CEO de HP, sucederá a John Donahoe, quien se jubila tras haber servido desde 2015. Lores ha sido miembro de la junta desde junio de 2021, aportando una amplia experiencia en tecnología de consumo y empresarial. El CEO de PayPal, Alex Chriss, elogió la capacidad de Lores para liderar y transformar, destacando su impacto en HP. Lores expresó entusiasmo por su nuevo puesto, enfatizando su compromiso de trabajar junto a la dirección de PayPal para lograr resultados excepcionales para los clientes y accionistas. Donahoe, al reflexionar sobre su mandato, apoyó la experiencia de Lores en transformación corporativa y su potencial para guiar el futuro éxito de PayPal. Esta transición marca un cambio significativo en el liderazgo mientras PayPal continúa navegando su posición en el ámbito del comercio digital.

페이팔 (NASDAQ: PYPL)은 엔리케 로레스를 새로운 독립 이사회 의장으로 임명했다고 발표했습니다. 임기는 2024년 7월 24일부터 시작됩니다. 현재 HP의 회장 겸 CEO인 로레스는 2015년부터 재직한 존 도너호를 대신하게 됩니다. 로레스는 2021년 6월부터 이사로 재직하며 소비자 및 기업 기술 분야에서 폭넓은 경험을 쌓아왔습니다. 페이팔의 CEO인 알렉스 크리스는 로레스의 리더십과 변화 능력을 높이 평가하며 HP에서의 그의 영향을 강조했습니다. 로레스는 자신의 새로운 역할에 대한 열정을 표현하며, 페이팔의 리더십과 함께 고객과 주주를 위한 뛰어난 결과를 달성하기 위한 헌신을 강조했습니다. 도너호는 자신의 재임 기간을 회상하며 로레스의 기업 혁신에 대한 전문성과 페이팔의 미래 성공을 이끌 잠재력을 지지했습니다. 이번 전환은 페이팔이 디지털 상업 분야에서의 입지를 지속적으로 탐색하면서 중요한 리더십 변화의 이정표가 됩니다.

PayPal (NASDAQ: PYPL) a annoncé la nomination de Enrique Lores en tant que nouveau président indépendant de son conseil d'administration, à compter du 24 juillet 2024. Lores, actuellement président et PDG de HP, succède à John Donahoe, qui prend sa retraite après avoir servi depuis 2015. Lores est membre du conseil depuis juin 2021 et possède une vaste expérience dans les technologies de consommation et d'entreprise. Le PDG de PayPal, Alex Chriss, a salué la capacité de Lores à diriger et à transformer, en soulignant son impact chez HP. Lores a exprimé son enthousiasme pour son nouveau rôle, en mettant l'accent sur son engagement à travailler avec la direction de PayPal pour obtenir des résultats exceptionnels pour les clients et les actionnaires. Donahoe, en réfléchissant à son mandat, a approuvé l'expertise de Lores en matière de transformation d'entreprise et son potentiel à guider le succès futur de PayPal. Cette transition marque un changement significatif de leadership alors que PayPal continue de naviguer dans sa position dans le domaine du commerce numérique.

PayPal (NASDAQ: PYPL) gab die Ernennung von Enrique Lores zum neuen unabhängigen Vorsitzenden seines Verwaltungsrats bekannt, der am 24. Juli 2024 in Kraft tritt. Lores, der derzeit Präsident und CEO von HP ist, tritt die Nachfolge von John Donahoe an, der nach einer Amtszeit seit 2015 in den Ruhestand geht. Lores ist seit Juni 2021 Mitglied des Vorstands und bringt umfangreiche Erfahrungen im Bereich Verbraucher- und Unternehmens technologie mit. PayPals CEO, Alex Chriss, lobte Lores’ Fähigkeit zu führen und zu transformieren und hob seinen Einfluss bei HP hervor. Lores äußerte seine Begeisterung für seine neue Rolle und betonte sein Engagement, mit der Führung von PayPal zusammenzuarbeiten, um herausragende Ergebnisse für Kunden und Aktionäre zu erzielen. Donahoe, der auf seine Amtszeit zurückblickte, bekräftigte Lores’ Expertise in der Unternehmens transformation und sein Potenzial, den zukünftigen Erfolg von PayPal zu leiten. Der Wechsel stellt einen bedeutenden Führungswechsel dar, da PayPal weiterhin seine Position im Bereich des digitalen Handels navigiert.

Positive
  • Appointment of Enrique Lores as Independent Board Chair, bringing fresh leadership.
  • Lores's expertise in consumer and enterprise technology could positively impact strategic direction.
  • Potential for continued success in digital commerce under new leadership.
Negative
  • None.

SAN JOSE, Calif., July 24, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that Enrique Lores has been appointed the new Independent Chair of its Board of Directors. He succeeds John Donahoe, who is retiring from the PayPal Board after serving as Board Chair since 2015. Lores, President and CEO of HP Inc., has served on the Board since June 2021. 

"Enrique's deep expertise in consumer and enterprise technology has been invaluable to PayPal, and I know that his experience leading and transforming HP into an industry disruptor will continue to serve the Board and the company well in his new role as Board Chair," said Alex Chriss, President and CEO, PayPal. "I also want to thank John for his incredible contributions to PayPal as Board Chair. John's strategic direction and steady leadership over the last nine years strengthened our company's foundation as a leader in digital commerce." 

"It's a privilege to take on the role of Board Chair at such an exciting time for PayPal," said Lores. "I look forward to continuing to work closely with the Board, Alex, and the entire PayPal leadership team to deliver exceptional results for our customers and stockholders." 

"It's been an honor to be a part of PayPal's story for the past 16 years, first as CEO of eBay and as PayPal's Board Chair for the past nine years," said Donahoe. "Enrique's expertise in corporate transformation and broad understanding of the technology ecosystem makes him an ideal next Chair to work with the rest of the Board and Alex as PayPal continues to define its next chapter. I'm incredibly optimistic about the future of PayPal and know the Board, under Enrique's leadership, will help guide the company to continued success." 

About PayPal 
PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com

Investor Relations Contact: 
investorrelations@paypal.com 

Media Relations Contact: 
mediarelations@paypal.com 

Cision View original content:https://www.prnewswire.com/news-releases/paypal-appoints-enrique-lores-as-new-independent-board-chair-302205711.html

SOURCE PayPal Holdings, Inc.

FAQ

Who is the new Independent Chair of PayPal's Board of Directors?

Enrique Lores, President and CEO of HP, has been appointed the new Independent Chair of PayPal's Board of Directors.

When was Enrique Lores appointed as PayPal's Independent Board Chair?

Enrique Lores was appointed as PayPal's Independent Board Chair on July 24, 2024.

Who did Enrique Lores succeed as PayPal's Independent Board Chair?

Enrique Lores succeeded John Donahoe, who retired after serving as PayPal's Board Chair since 2015.

What is Enrique Lores's current role besides being PayPal's Board Chair?

Enrique Lores is currently the President and CEO of HP.

What is Enrique Lores's background relevant to his role at PayPal?

Enrique Lores has extensive experience in consumer and enterprise technology and has been on PayPal's Board since June 2021.

PayPal Holdings, Inc.

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