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Fortune

Sheryl Estrada

With PayPal stock down 80%, finance chief Jamie Miller steps in as interim CEO

PayPal Jamie Miller Enrique Lores HP

A sign is posted in front of PayPal headquarters in San Jose, California. (Credit: Getty Images)

Good morning. Turnover continues in the Fortune 500, with PayPal offering the latest example of boards turning to finance leadership during periods while under pressure.

The payments giant announced on Tuesday that CEO Alex Chriss is stepping down after two and a half years. Enrique Lores, CEO of HP Inc., is set to take over on March 1. PayPal’s chief financial and operating officer, Jamie Miller, will serve as interim CEO.

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