PayPal's CEO Change Blindsided HP's Board

PayPal announced its CEO was being replaced by board chair Enrique Lores due to the company's slow pace of change. Lores' sudden departure from his position as CEO of HP caught the company by surprise. HP is now scrambling to find a new CEO, considering internal candidates for the role. Lores' involvement in PayPal's CEO selection process, including his potential recusal, remains unclear, but HP was only recently informed of his move.