PayPal Replaces CEO Chriss After Profit Falls Short of Estimates
Enrique LoresSource: PayPal Holdings Inc.PayPal Holdings Inc. said Chief Executive Officer Alex Chriss will be replaced by HP Inc. CEO Enrique Lores after profit and revenue fell short of expectations. Shares of the firm tumbled more than 12%.Jamie Miller, the payments firm’s chief financial officer, will serve as interim CEO until Lores takes over on March 1, according to a statementBloomberg Terminal Tuesday....
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