Enrique Lores

Enrique Lores is a native of Madrid, Spain.⁠[1]

He studied at the School of Industrial Engineering (ETSII) of the Universitat Politècnica de València and graduated first in his class in 1989.⁠[2]

That year he became an HP intern through a program for European students in the U.S.⁠[3]

HP later hired him full-time because it planned another center in Spain.⁠[3]

He started out developing ink-jet printers at HP’s site in Terrassa, Spain.⁠[2]

He served as general manager of HP’s commercial PC business, senior vice president of Worldwide Customer Support and Services, and senior vice president of Worldwide Sales and Solutions.⁠[4]

He said that at HP “I was changing jobs almost every two years,” working in Spain, the United States and Germany before returning to Spain.⁠[3]

He was a key architect of the 2015 separation of Hewlett-Packard Company and led its Separation Management Office; from 2015 he was president of HP’s Imaging, Printing and Solutions business.⁠[5]

On November 1, 2017, HP completed its $1.05 billion acquisition of Samsung Electronics’ printer business.⁠[6]

The acquisition was among the results of his leadership of HP’s print business.⁠[4]

On August 22, 2019, HP’s board unanimously named him president and CEO effective November 1, succeeding Dion Weisler, who stepped down over a family health matter.⁠[5]

In October 2019 HP announced a restructuring plan to cut up to 9,000 of its roughly 55,000 jobs and save about $1 billion a year.⁠[1]

On March 31, 2020, Xerox said it was withdrawing its tender offer to acquire HP, pointing to market turmoil caused by COVID-19 and criticizing HP’s board for refusing to engage.⁠[7]

PayPal appointed him to its board of directors effective June 29, 2021; at the time he also sat on the boards of the Silicon Valley Leadership Group and ESADE Business School.⁠[8]

In January 2024, in a television interview, he defended HP’s restrictions on third-party ink cartridges and said, “Our long-term objective is to make printing a subscription.” HP then faced a U.S. class action alleging that a firmware update disabled printers using non-HP cartridges.⁠[9]

He also said that “if this customer doesn’t print enough or doesn’t use our supplies, it’s a bad investment.”⁠[10]

On June 28, 2024, the Universitat Politècnica de València awarded him an honorary doctorate (doctor honoris causa) at the closing ceremony of its 2023–2024 academic year.⁠[11]

At the ceremony he spoke of receiving the honor “here at home, with my family, friends and the university community.”⁠[2]

On July 24, 2024, PayPal named him independent board chair, succeeding John Donahoe, who had been chair since 2015 and retired from the board. “It’s a privilege to take on the role of Board Chair,” Lores said.⁠[12]

On February 3, 2026, HP announced that he had stepped down as president, CEO and director to pursue another professional opportunity; board member Bruce Broussard became interim CEO and the board formed a CEO search committee. “I came to HP as an intern nearly four decades ago, and I’ve been on an incredible journey ever since,” he said.⁠[13]

At his departure HP’s annual revenue was roughly $55.3 billion, down from about $58.8 billion when he took over in 2019.⁠[14]

The same day PayPal’s board appointed him president and CEO effective March 1, 2026, succeeding Alex Chriss; Jamie Miller served as interim CEO until he took office, and David W. Dorman became independent board chair. The board said “the pace of change and execution was not in line with the Board’s expectations.”⁠[15]

On May 5, 2026, PayPal released its first quarterly results under his leadership. He said the company was taking steps to sharpen its strategy and simplify its organization, adding: “I’m energized by the opportunity to improve execution and accelerate PayPal’s growth.”⁠[16]

PayPal said its efficiency efforts were expected to save about $1.5 billion over two to three years. Quarterly net income fell to $1.11 billion from $1.29 billion a year earlier.⁠[17]

He holds an MBA from ESADE Business School and is active in its International Advisory Boards, as well as in the Business Roundtable, the Welcome.US CEO Council, the World Economic Forum’s International Business Council and the Alliance of CEO Climate Leaders.⁠[18]