Six months on from the resignation of Enrique Lores, and HP’s search for a new global chief executive continues. Lores, who joined HP as an engineering intern and lead the Fortune 500 company for six years, stepped down in February and began as CEO of Paypal in March. Bruce Broussard—a former member of the HP board—has stepped in as interim CEO.
Whoever replaces Lores on a permanent basis faces a number of challenges. Despite positive Q2 revenues of $14.4 billion, up 9% on the previous year, its total number of PC sales declined. There is pressure for the computer hardware manufacturer to innovate, as other tech companies continue to push into AI.
