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Enrique Lores

President and Chief Executive Officer at HP
Since November 1, 2019
Age
59 years
Tenure
Has been with HP for over 30 years, beginning in 1989, and held various leadership roles including President of Printing, Solutions and Services before being promoted to President and CEO on November 1, 2019.

Also at HP

AO
Anneliese Olson
President of Imaging, Printing & Solutions
DM
David McQuarrie
Chief Commercial Officer
JJ
Julie Jacobs
Chief Legal Officer and General Counsel

About

At 59 years old, the executive has built a remarkable career at HP, starting in 1989 and progressively taking on more critical roles as the company evolved. His journey reflects a deep commitment to the technology industry and a capacity to lead through periods of significant change.

Throughout his career, he embraced complex challenges by spearheading initiatives during the company’s strategic split into HP Inc. and Hewlett Packard Enterprise, holding key titles that contributed extensively to the organization’s operational and global success. His proven leadership in roles such as President of Printing, Solutions and Services, and later as CEO, underlines his strategic vision and industry expertise.

In his current role as President and CEO since 11-01-2019, his decisive leadership has been instrumental in guiding HP through transformation and market expansion. His contributions not only reflect his extensive industry experience but also his dedication to driving forward the legacy and innovation of HP.

$HPQ Performance Under Enrique Lores

Past Roles

OrganizationRoleDate RangeDetails
HP Inc. President, Imaging and Printing Solutions Nov 2015 – Oct 2019 Held this role prior to his promotion to CEO
Hewlett-Packard Company Separation Leader 2014 – Oct 2015 Managed the separation process for the company
Hewlett-Packard Company Senior Vice President & General Manager, Business Personal Systems 2013 – 2014 Oversaw business personal systems operations
Hewlett-Packard Company Senior Vice President, Worldwide Customer Support & Services 2011 – 2013 Led global customer support and services
Hewlett-Packard Company Senior Vice President, Worldwide Sales and Solutions Partner Organization 2008 – 2011 Directed worldwide sales and partner operations
Hewlett-Packard Company Vice President & General Manager, Large Format Printing 2003 – 2008 Managed large format printing division
Hewlett-Packard Company Vice President, Imaging & Printing Group, EMEA 2001 – 2003 Oversaw imaging and printing operations in EMEA
Hewlett-Packard Company Various Roles 1989 – 2001 Held a range of positions across multiple facets of the organization

External Roles

OrganizationRoleDate RangeDetails
PayPal Holdings, Inc. Board Member N/A Current public company board member

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,400,000 Fiscal 2024Annual fixed salary
401(k) Company Match$13,800 Fiscal 2024Match provided
Non-Qualified Deferred Compensation (NQDC) Company Match$13,200 Fiscal 2024Match provided
Mobility Program$20,760 Fiscal 2024Includes $17,604 for tax prep/filing/equalization and $3,156 for tax review services in Korea
Security Services/Systems$2,184 Fiscal 2024Security services
Personal Aircraft Usage$164,979 Fiscal 2024Compensation for personal aircraft usage
Miscellaneous$75,496 Fiscal 2024Other fixed compensation components

Performance Compensation

Data from  FY 2024

Annual Incentive Plan

Metric [Unit]Target AmountWeightPayout CapAdditional Details
GAAP Net Revenue$53.6 billion 25% 200% Evaluation includes financial metrics and non-financial MBO with a target of 25.0%
Adjusted Non-GAAP Operating Profit$5.1 billion 25% 200%
Non-GAAP Free Cash Flow$3.4 billion 25% 200%

RSU Awards

Component [Unit]ValueVesting ScheduleAdditional Details
RSUs Granted178,336 units Annual vesting over 3 years Grant Date Fair Value: $5,400,014 ; Supports executive retention

PARSU (EPS)

Component [Unit]ValueVesting ScheduleAdditional Details
EPS Performance MetricThreshold: 25% payout Vests at end of performance period Target EPS: $3.45, Actual EPS: $3.33 (80% achievement)
RSUs Granted (Threshold)27,741 units Vests at end of performance period Payout range: 0% to 300%
RSUs Granted (Target)110,964 units Vests at end of performance period
RSUs Granted (Maximum)332,892 units Vests at end of performance period Adjusted by TSR modifier relative to S&P 500
PARSU Fair Value$4,747,045 N/AGrant Date: December 19, 2023; Stock Price: $28.71

PARSU (KGA)

Component [Unit]ValueVesting ScheduleAdditional Details
KGA Revenue MetricBased on Fiscal 2026 Vests at end of performance period Vesting of 20% of total PARSUs based on KGA revenue target
RSUs Granted (Threshold)25% of target PARSUs N/A
RSUs Granted (Below Target)50% of target PARSUs N/A
RSUs Granted (Target)100% of target PARSUs N/A
RSUs Granted (Above Target)200% of target PARSUs N/A
RSUs Granted (Maximum)300% of target PARSUs N/AGrant Date Fair Value: $2,389,332 ; Stock Price: $28.71