PayPal Names Enrique Lores as New CEO to Reset Culture and Strategy

PayPal Holdings has appointed Enrique Lores as its new CEO, replacing the current leadership team. The leadership change follows weak financial results, market share pressures in branded checkout, and public criticism from former president David Marcus. Lores, known for leading transformation efforts at HP, will reset PayPal's culture and sharpen its strategy in digital payments. The near term focus will be on how quickly new management defines priorities for product development, competitive positioning, and internal culture in the increasingly crowded digital payments space.