PayPal CEO Alex Chriss resigns; Enrique Lores (ex-HP CEO) appointed effective March 1

PayPal Holdings, Inc.

Alex Chriss resigns as CEO and board member effective Feb 2; Enrique Lores appointed President/CEO effective March 1, 2026.
Jamie Miller, CFO and COO, named Interim CEO effective immediately until Lores assumes role.
Board states pace of change and execution did not meet expectations, necessitating leadership change.
Lores gets $1.45M base, 200% bonus target, $20M make-whole RSUs (3-year vest), $16.5M annual RSUs/PSUs, $25M one-time PSU.
Chriss eligible for severance per Executive Severance Plan; Miller receives $3M cash retention award vesting 67% in 2027, 33% in 2028.

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