HP CEO Enrique Lores has announced that he’s departing the PC maker to lead PayPal.
In a post on LinkedIn, Lores says his resignation is effective immediately. He’s led the company as CEO since 2019, however Semafor reports that HP was “blindsided” by the decision, which was only communicated to the company’s board in recent weeks. In his LinkedIn post, Lores notes he’s been at HP for 36 years after joining as an engineering intern.
HP declined to comment beyond its…

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