More CEO shakeups are happening in big tech.
PayPal
Fortune reports that PayPal is appointing a new CEO after bringing in Alex Chriss in late 2023, who succeeded Dan Schulman. Chriss had shared promises to frame a technology vision for the company shaped by AI and stablecoins. However, PayPal’s shares have dropped nearly 80% from 2021 levels and are on track for lower earnings in 2026. The company’s performance under Chriss’ leadership is the cause of his exit, per the outlet.
“The pace of change and execution was not in line with the board’s expectations,” the company said in a statement, according to Fortune.
Chriss is being replaced by HP CEO Enrique Lores, who also serves as PayPal’s board chairman. HP was surprised by the news, choosing then to bring on Bruce Broussard, former Humana CEO, as its interim leader, the outlet noted. PayPal’s shares dropped 17% on Feb. 3 following the appointment of Lores, who will begin his new appointment on March 1, per Fortune. PayPay’s chief financial and operating officer, Jamie Miller, will serve as interim CEO until then.
“We will further strengthen the culture of innovation necessary to deliver long-term transformation and balance this with near-term delivery, executing with greater speed and precision, and holding ourselves accountable for consistent delivery quarter on quarter, to further assert PayPal’s industry leadership position,” Lores said, according to Fortune.
The Walt Disney Co.
Other changes in big tech include moves at The Walt Disney Co. According to a news release, the company’s board of directors unanimously voted to promote Disney Experiences Chairman Josh D’Amaro to CEO, effective March 18, 2026. He succeeds Robert A. Iger.
D’Amaro is credited with leading Walt Disney’s largest business segment, with $36 billion in annual revenue in FY2025, as well as spearheading “the largest global expansion in Disney Experiences history,” the news release stated.
“Josh D’Amaro possesses that rare combination of inspiring leadership and innovation, a keen eye for strategic growth opportunities, and a deep passion for the Disney brand and its people – all of which make him the right person to take the helm as Disney’s next CEO,” James Gorman, chairman of Walt Disney’s board of directors, said in the news release. “Throughout this search process, Josh has demonstrated a strong vision for the company’s future and a deep understanding of the creative spirit that makes Disney unique in an ever-changing marketplace. He has an outstanding record of business achievement, collaborating with some of the biggest names in entertainment to bring their stories to life in our parks, showcasing the power of combining Disney storytelling with cutting-edge technology.”
Gorman further noted that the Board has faith in D’Amaro’s ability to elevate Walt Disney while creating value for consumers and shareholders.
Disney also announced that Dana Walden was named president and chief creative officer. She was previously co-chairman of Disney Entertainment.
