HP Names Interim CEO as Lores Exits Amid Strategic Transition
Event summary
- Bruce Broussard, HP board member since 2021, appointed interim CEO effective February 3, 2026, replacing Enrique Lores.
- Lores steps down after 7 years as CEO and 36 years at HP to pursue another professional opportunity.
- HP reaffirms fiscal 2026 outlook: GAAP diluted net EPS $2.47–$2.77, non-GAAP $2.90–$3.20, free cash flow $2.8–$3.0 billion.
- Board forms CEO Search Committee with external executive search firm assistance.
The big picture
HP's leadership change occurs as the company positions itself as an AI-driven workplace solutions provider, navigating trade regulations and integrating its HP Solutions division. The transition comes at a critical juncture for the $60 billion revenue company as it seeks to maintain momentum in print and PC leadership while diversifying its business portfolio. The board's choice of an interim CEO with extensive public company experience suggests a focus on operational stability during the search process.
What we're watching
- Governance Dynamics
- How the board's choice of an interim CEO with healthcare background will impact HP's technology focus.
- Execution Risk
- Whether HP can maintain strategic momentum during leadership transition amid U.S. trade-related cost pressures.
- Strategic Continuity
- The pace at which HP identifies a permanent CEO and their alignment with Lores' AI-driven Future of Work vision.
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