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

Company Leadership Changes - PayPal's CEO Alex Chriss is stepping down after two and a half years, with Enrique Lores, CEO of HP Inc., set to take over on March 1, while Jamie Miller will serve as interim CEO [1][2] - The board's decision comes amid shareholder frustration, as PayPal's stock has declined approximately 80% over the past five years, and the company has projected lower earnings for 2026 [2] Governance Trends - The appointment of CFOs to CEO positions is on the rise, with a decade high of 10.26% of such promotions in Fortune 500 and S&P 500 companies last year, up from 6.15% in 2015, indicating a preference for leaders with financial expertise [3] - Jamie Miller's expanded role as both CFO and COO reflects a trend of testing CFOs for broader leadership capabilities [4] Leadership Experience - Enrique Lores has over six years of experience leading HP and has been on PayPal's board since 2021, bringing expertise in driving complex transformations [5] - Jamie Miller has a strong background, having served as global CFO of EY and CFO of Cargill, along with over a decade at General Electric [4]