Enrique Lores serves as president and CEO of HP Inc. (formerly Hewlett-Packard) and is a member of its board of directors. He assumed the role of president and CEO on November 1, 2019. Beyond his leadership at HP, Enrique is actively involved in shaping the future of business and technology as a board member of PayPal, the Silicon Valley Leadership Group and ESADE business school. Originally from Spain, Lores became a U.S. citizen in late 2020, further cementing his global influence and commitment to innovation.
Enrique Lores is the vibrant President and CEO of HP Inc. In November 1, 2019, Lores stepped into the position. Beyond managing one of the world's most prestigious high technology firms, Lores plays an important role in charting the future of business and innovation. He sits on the boards of PayPal, the Silicon Valley Leadership Group, and ESADE Business School.
Hailing from Spain, Lores brought his global perspective to the United States and became a citizen in late 2020. This is one of the reasons he's deep on the commitment drive of creating real transformative change on a global scale, gaining him a reputation as the next visionary leader in tech.
Enrique Lores was born in 1965 in Madrid, Spain. As a child, he was fascinated with engineering and continued this hobby throughout his life. He received his electrical engineer degree from the Polytechnic University of Valencia and later acquired an MBA at ESADE Business School located in Barcelona, Spain. With an MBA and technical background, he had the perfect blend to manage the corporate landscape.
Enrique Lores was born in 1965 in Madrid, Spain. He was always fascinated by the world of engineering since an early age and therefore chased his passion in pursuit of a challenging career. He pursued an electrical engineering degree from the Polytechnic University of Valencia and then he completed MBA at ESADE Business School in Barcelona, Spain. Technical knowledge combined with business acumen has provided him with a perfect combination of skills that make him survive as well as thrive in the corporate world. Today, Lores’s journey from curious young engineer to a global business leader, inspires many aspiring innovators around the globe.
Enrique Lores serves as HP Inc.'s President and CEO, having joined the company in November 2019. His tenure at HP has exceeded 30 years, during which he has held a variety of leadership roles across the organization, including the Personal Systems and Printing divisions. Lores played a key role in the acquisition of Samsung's printer business and has played a strategic role in the separation of Hewlett-Packard Company in 2015. Lores drives innovation, promotes sustainable impact, and leads organizational transformation. He is also a member of multiple boards including PayPal and is involved with several international advisory councils and business groups.
As HP Inc.'s President and CEO since November 2019, he has leveraged over 30 years of experience within the company to drive innovation and transformation. His leadership has been pivotal in key areas, including Personal Systems and Printing, where he spearheaded the acquisition of Samsung’s printer business and played a crucial role in the 2015 separation of Hewlett-Packard Company.
Focusing on sustainable impact and growth, he continues to shape HP’s global leadership while serving on the boards of PayPal and other prominent advisory councils, contributing to strategic initiatives that influence international business and technology.
Under the leadership of Enrique Lores, HP has been working really hard to integrate artificial intelligence into its product offerings and business strategies.
HP has made unprecedented progress in the infusion of artificial intelligence into its products and business models under Lores’ leadership. Key initiatives include:
HP introduced its largest portfolio of AI-enhanced PCs, including the HP Elite, Pro PCs, and Z by HP mobile workstations. These devices, powered by Intel and AMD processors, feature advanced AI capabilities to boost productivity and collaboration. The AI Creation Center and Poly Studio solutions further elevate hybrid work environments.
The AI Creation Center combines advanced workstations like Z by HP AI Studio, supported by NVIDIA, into an all-encompassing AI development platform. This solution streamlines AI model creation by integrating data tools, teams, and infrastructure, facilitating seamless scaling from on-premises to cloud environments for efficient workflows.
At the HP Imagine event, HP showcased AI-powered collaboration tools such as Poly Studio X32/X72 video bars and Poly VideoOS 4.4 with advance features like NoiseBlockAI v2 and the VoiceScoreAI that will enhance remote communication. The company also expanded its Workforce Experience Platform and AI advisory services, focusing on hybrid work solutions.
HP’s latest products include AI capabilities such as HP Smart Sense, which adapts system performance in real time based on user behavior. This technology optimizes power usage, extends battery life, and delivers a more intuitive user experience.
Recognizing the challenges of hybrid work, HP has developed AI tools to boost engagement and productivity, reducing digital fatigue. These tools are designed to redefine employee experiences, ensuring they feel connected and supported in flexible work environments.
HP is driving AI innovation in the MENA region, offering AI-powered devices such as the EliteBook Ultra and hybrid work tools. Alongside advanced cybersecurity measures, HP emphasizes eco-friendly practices, catering to diverse industries including gaming, while supporting sustainability goals.
The acquisition of Vyopta underscores HP’s commitment to AI-driven solutions. Vyopta’s technology enables businesses to integrate collaboration management platforms with analytics and visibility across applications, devices, and networks. This improves fleet management, space utilization, and proactive troubleshooting, fostering agility and productivity.
HP launched the HP Amplify AI program to empower partners with AI-enhanced capabilities. It offers AI tools, training, certifications, and access to the HP Future Ready AI MasterClass globally. This initiative extends AI-based sales tools and HP’s Business Partner Program, enhancing business outcomes worldwide.
These strategic initiatives highlight HP's dedication to harnessing AI for transformative growth, redefining hybrid work, and driving sustainable innovation.
Enrique Lores has a net worth of over $64.4 million as of Jan 2024. He has shares worth over $29.66 million in HP Inc. and stock with 888,911 units. He sold more than $27.73 million worth of HPQ stock in the past nine years. Lores is paid an annualized salary of $6.99 million as a President, Chief Executive Officer, and Director of HP Inc. He has undertaken over 49 trades in HP stock since 2016, according to SEC filings. His largest trade was exercising 418,430 units valued at more than $13.96 million in November 2022. On average, he has traded about 71,294 units every 46 days since 2015.
Enrique Lores, President and CEO of HP Inc., boasts a net worth exceeding $64.4 million as of January 2024, underscoring his strategic leadership and alignment with the company's success. Holding shares valued at over $29.66 million and 888,911 units of HP stock, he has sold more than $27.73 million worth of HPQ stock in the past nine years. Since 2016, he has executed over 49 trades, including his largest in November 2022, when he exercised 418,430 units valued at $13.96 million. With an annualized salary of $6.99 million, Lores demonstrates a masterful blend of financial acumen and corporate stewardship, consistently driving HP's innovation and growth.
Lores has been able to deliver outstanding business performance throughout his tenure at HP Inc. Since November 2019, he has strategically positioned HP to enhance leadership in Personal Systems and Printing while also disrupting industrial sectors with innovative solutions. He has led the acquisition of the Samsung printer business in 2017, which significantly strengthened HP's market position. Lores is one of the architects behind the complex separation of Hewlett-Packard Company in 2015 that reduced complexity and created investment capacity for innovation. His focus on sustainable impact ensures business growth hand-in-hand with the needs of society, thereby leading to both top and bottom-line performance.
Since taking the helm as HP Inc.’s President and CEO in November 2019, Enrique Lores has consistently delivered exceptional business performance. He has boldly positioned the company to strengthen its leadership in Personal Systems and Printing while driving disruption in industrial sectors through innovative solutions. A key milestone under his leadership was the 2017 acquisition of Samsung’s printer business, which fortified HP’s market dominance. Lores was also instrumental in orchestrating the complex 2015 separation of Hewlett-Packard Company, a move that streamlined operations and unlocked investment capacity for innovation. With a strong focus on sustainable impact, he ensures that HP’s growth aligns with societal needs, delivering impressive results for both top- and bottom-line performance.
Enrique Lores’ tenure as HP Inc.’s CEO has not been without its share of controversies, reflecting both bold strategic decisions and public backlash.
Lores faced significant criticism in January 2024 for defending HP’s practice of blocking third-party ink cartridges, citing intellectual property protection and security risks such as viruses. His justification was met with skepticism, as experts dismissed the likelihood of such threats. This move, combined with transitioning printing services to a subscription model, fueled consumer frustration.
HP is facing a class-action lawsuit over firmware updates that blocked third-party ink cartridges. Critics accuse the company of exploiting customers’ sunk costs and violating antitrust laws. Despite prior settlements, plaintiffs allege HP re-enabled "dynamic security" without customer consent. HP insists its security measures are transparent, but consumer dissent persists.
Lores justified the disabling of printers using non-HP ink by citing risks of virus-tainted cartridges. However, critics pointed out the lack of real-world evidence for such claims, alleging the policy is a profit-driven strategy disguised as security concerns.
While Lores champions corporate accountability, critics argue that his outspoken support for diversity, political activism, and standardized ESG metrics risks alienating customers and investors. Some suggest that these initiatives could limit HP’s operational flexibility.
Environmental groups, including Greenpeace, have criticized HP, along with Dell and Lenovo, for failing to meet commitments to eliminate toxic materials like PVC and BFRs from their products. While competitors like Apple and Acer have shown progress, HP’s shortcomings raise concerns about its contribution to the growing e-waste problem.
HP’s restructuring plan, which aims to cut up to 6,000 jobs by 2025, has sparked debate about its long-term implications. While the company prioritizes growth areas like hybrid work and gaming, critics question the impact on employees and whether acquisitions like Poly and HyperX justify the trade-offs.
These controversies highlight the challenges Lores faces in balancing bold strategic moves with public perception and stakeholder expectations.