HP chairman Chip Bergh on naming board member Bruce Broussard as interim CEO after Enrique Lores' departure: ‘This is an important…’

HP Inc has appointed board member Bruce Broussard as interim chief executive officer, effective immediately. This move follows the departure of Enrique Lores, who stepped down to pursue another professional opportunity. Broussard, who has served on HP's board since 2021, will lead the company while a board committee searches for a permanent CEO with help from a global executive search firm. Lores also resigned from the company's board as part of his exit as president and CEO to become PayPal’s CEO.In a blog post, Chip Bergh, chairman of the company’s board said, “This is an important time in HP's history as the company advances its plan to lead the Future of Work. 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. Since joining the Board, Bruce has been a valued contributor, steadfastly focused on shareholder value creation. We believe we have the right strategy in place, and Bruce is the right leader to move HP forward while we identify our next CEO.”According to the company, Broussard has been assigned to advance HP's strategic priorities, leveraging his operational, financial, and business management expertise, along with his knowledge of HP's business. Broussard has more than 30 years of leadership experience at public companies. He served as President and CEO of Humana Inc, a healthcare company, for more than a decade. Before that, he held multiple roles during his 11-year tenure at US Oncology, including Chief Financial Officer, Chief Executive Officer, and Chairman of the Board. Following the sale to McKesson, he became president of the Speciality Pharmacy Division.In the company’s blog post, Broussard wrote: “HP is shaping the next era of technology with a relentless commitment to empowering people and businesses to thrive, and I am honored to serve as Interim CEO. This proven team’s dedication to operational excellence has created significant momentum across the business amidst a complex environment. I look forward to being an effective steward of the company’s strategic progress and providing stability and continuity as we run a CEO search process. As we begin fiscal 2026, we will continue to drive our One HP platform to deliver technology that promotes growth and professional fulfillment for our customers and sustained value creation for our shareholders.”Commenting on his exit, HP’s ex-CEO Enrique Lores said: “I came to HP as an intern nearly four decades ago, and I’ve been on an incredible journey ever since. 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.”“On behalf of everyone at HP, I want to thank Enrique for his contributions over the last 36 years and leadership as CEO for the last seven years. Enrique has guided HP through its recent transformation and helped position the company to lead the Future of Work. We wish him well in his next chapter,” Bergh added on Lores’ departure.