Finance
PayPal
Multinational digital payments company PayPal announced that HP’s chief executive Enrique Lores will succeed Alex Chriss as its next president and CEO.
During a 20-year tenure at Intuit, the American technology firm behind Credit Karma and TurboTax, Chriss held various leadership roles. He was overseeing QuickBooks and Mailchimp as executive vice president and general manager of the Small Business and Self-Employed Group when he left in September 2023. The board thanked Chriss for his role in monetizing Venmo and growing the Buy Now, Pay Later (BNPL) business, according to a company statement.
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After roughly 17 months in the role, Chriss was ousted on Feb. 3, following missed earnings, slow growth in branded checkout and drastic price drops, per the technology platform’s fourth-quarter results.
Lores has served on the PayPal board for nearly five years and as board chair since July 2024. He will take over as PayPal CEO on March 1, with CFO and COO Jamie Miller taking the helm in the interim. David Dorman will immediately serve as independent chair.
Trade
Federal Trade Commission
The United States Federal Trade Commission chairman Andrew Ferguson has appointed Levi Swank as deputy director of the bipartisan federal agency’s Bureau of Consumer Protection. As an experienced consumer protection litigator who has represented clients across enforcement matters, class actions and investigations, Swank spent his career in private practice at a large law firm in Washington, D.C., first as an associate and then as a partner, before joining the FTC.
Brands
Caleres
Portfolio of consumer-driven footwear brands Caleres has named Kristen Sosa as division president of brand portfolio, New York brands. In this newly-created role, Sosa will handle operations and oversight for Stuart Weitzman, Allen Edmonds, Franco Sarto, Vince, Veronica Beard and Favorite Daughter. She brings 30 years of relevant experience, most recently serving as Zadig & Voltaire’s chief executive officer, North America. Sosa will report to president and CEO Jay Schmidt.
Education
Central Saint Martins
London-based arts and design college Central Saint Martins announced that professor Kate Goldsworthy has been appointed director of the Future Denim Lab, a research and knowledge exchange initiative at Central Saint Martins in partnership with Miss Sixty, a women’s denim brand part of Trendy Group. The lab will serve as a hub for experimentation, collaboration, and innovation, bringing together students, researchers, and industry to reimagine denim for a circular economy.
Retail
Dollar General
American discount retail chain Dollar General has appointed David Rowland as the chairman of the board of directors. He succeeds Michael Calbert, who will continue to serve on the board as an independent director. After 16 years of service, Warren Bryant will retire from the board, upon his current term’s expiration, at the company’s 2026 annual meeting of shareholders.
