HP Inc has announced a significant leadership transition, appointing board member Bruce Broussard as its interim chief executive officer with immediate effect. This strategic move comes in the wake of Enrique Lores' departure from the company, who has stepped down to pursue another professional opportunity as the new CEO of PayPal.
Leadership Transition at HP
Bruce Broussard, who has been serving on HP's board of directors since 2021, will now take the helm of the technology giant while a dedicated board committee conducts a comprehensive search for a permanent CEO. The committee will be assisted by a global executive search firm to identify the ideal candidate for the role. As part of his exit, Enrique Lores has also resigned from his position on HP's board, marking the end of his tenure as both president and CEO.
Board Chairman's Statement
In an official blog post, Chip Bergh, chairman of HP's board, expressed confidence in the interim leadership. "This is an important time in HP's history as the company advances its plan to lead the Future of Work," Bergh stated. "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."
Bergh further highlighted Broussard's contributions, noting, "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."
Bruce Broussard's Role and Background
As HP's interim CEO, Bruce Broussard has been tasked with advancing the company's strategic priorities. He will leverage his extensive operational, financial, and business management expertise, along with his deep understanding of HP's business operations. Broussard brings more than three decades of leadership experience at public companies to this critical role.
His impressive career includes serving as President and CEO of Humana Inc, a major healthcare company, for over ten years. Prior to that, he held multiple executive positions during his eleven-year tenure at US Oncology, including Chief Financial Officer, Chief Executive Officer, and Chairman of the Board. Following the company's sale to McKesson, Broussard became president of the Specialty Pharmacy Division.
Broussard's Vision for HP
In the company's blog post, Bruce Broussard shared his perspective on the appointment. "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," he wrote. "This proven team's dedication to operational excellence has created significant momentum across the business amidst a complex environment."
Broussard emphasized his commitment to continuity, stating, "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."
Enrique Lores' Departure Statement
Reflecting on his exit from HP, former CEO Enrique Lores expressed gratitude for his long journey with the company. "I came to HP as an intern nearly four decades ago, and I've been on an incredible journey ever since," Lores commented. "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."
Lores highlighted the company's achievements under his leadership, noting, "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."
Board's Acknowledgment of Lores' Contributions
Chip Bergh also acknowledged Enrique Lores' significant contributions to HP. "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," Bergh added. "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."
This leadership transition marks a pivotal moment for HP as it navigates the competitive technology landscape while maintaining its strategic direction toward innovation and market leadership.
