HP CEO Enrique Lores Departing Company, HP Reaffirms Outlook

HP Inc. announced today that President and CEO Enrique Lores is stepping down from both positions to pursue another opportunity. HP Board member Bruce Broussard was appointed interim chief executive officer

Broussard has been  a member of the company’s board of directors since 2021.The board has formed a CEO Search Committee to identify the company’s next CEO and has retained a leading global executive search firm to assist with the process.

As Interim CEO, HP says Broussard will advance the company’s strategic priorities by leveraging his proven operational, financial, and business management expertise as well as his deep knowledge of HP’s business. He is said to be a seasoned executive with more than 30 years of leadership experience at public companies. He most recently served as president and CEO of Humana Inc., a leading healthcare company, for more than a decade. Before that, he served in multiple capacities during his 11-year tenure at US Oncology, including chief financial officer, chief executive officer, and chairman of the board. Upon the sale to McKesson, he became the president of the Specialty Pharmacy Division.

Lores joined HP as an engineering intern in 1989, and was appointed to president and CEO in November 2019. At HP, he held senior leadership roles across Printing, Personal Systems, and Services, including key positions as senior vice president of Worldwide Sales and helped lead the separation of HP into HP Inc. and Hewlett-Packard Enterprise in 2015. He succeeded Dion Weisler, who served as HP CEO from 2015 to 2019.

“This is an important time in HP’s history as the company advances its plan to lead the Future of Work,” commented Chip Bergh, chairman of the HP Board. “Disciplined execution is delivering consistent progress in a dynamic environment. We are confident that Bruce will successfully drive the company’s initiatives forward, working closely with HP’s strong leadership team.”

“I came to HP as an intern nearly four decades ago, and I’ve been on an incredible journey ever since,” Lores commented. “It has been an honor to lead HP through its evolution into an AI-driven technology company that is redefining workplace solutions and connecting with customers globally.

“Over the last several years, our resilient team has successfully navigated the evolution of our world. We extended our leadership in Print and PCs, diversified our business with the addition of HP Solutions, and invested in our people. With strong teams around the world and a clear strategy for long-term growth, HP is well-positioned for the future, and I will continue to champion the team’s success,” Lores said.

 Reaffirming First Quarter and Fiscal 2026 Outlook

HP also reaffirmed its outlook for its first quarter and full fiscal year 2026 as provided on November 25, 2025. For the first quarter, HP continues to forecast earnings per share in the range of $0.58 to $0.66.