Skip to main content

Advertisement

Advertisement

Business

PayPal appoints HP CEO Lores to board

Payments giant PayPal Holdings said on Wednesday it had appointed Enrique Lores, chief executive officer of HP, to its board of directors, effective Jun 29.

PayPal appoints HP CEO Lores to board

he PayPal app logo seen on a mobile phone in this illustration photo Oct 16, 2017. (Photo: REUTERS/Thomas White)

NEW YORK: Payments giant PayPal Holdings said on Wednesday it had appointed Enrique Lores, chief executive officer of HP, to its board of directors, effective Jun 29.

Lores took over as HP's top boss in 2019, after starting as an engineering intern in a career spanning more than 30 years at the company. He faced a hostile takeover battle from Xerox Holdings Corp soon after taking over the reins.

Xerox later walked away from its bid.

Lores also played a role in the splitting of Hewlett-Packard into two publicly-listed companies, and was involved in HP's US$1.05 billion acquisition of Samsung's printer business in 2017.

With the addition of Lores, PayPal's board now has 12 members, the San Jose, California-based company said.

Source: Reuters

Advertisement

Also worth reading

Advertisement