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    Enrique Lores

    President and Chief Executive Officer at HP Inc
    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 Inc

    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