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PayPal's New CEO Faces a Digital Payments Reckoning
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PayPal's New CEO Faces a Digital Payments Reckoning
Enrique Lores, who has led HP since 2019, takes over as chief executive this month as the payments giant confronts slowing growth, intensifying competition, and a stock price down roughly 80% from its peak five years ago. Lores succeeds Alex Chriss, the former Intuit executive brought in less than two years ago to engineer a turnaround. Chriss was tasked with jumpstarting the business amid a slowdown in post-pandemic retail spending, as househo…
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