HP Appoints Interim CEO, Offers RSU Compensation Worth 9 Billion Won

On February 3 (U.S. local time), HP Inc. (NYSE: HPQ) announced that its board has appointed Bruce Broussard as interim CEO, effective immediately, replacing Enrique Lores, who stepped down to pursue other opportunities. At the same time, the company reaffirmed the guidance it issued in November 2025 for its Fiscal 2026 first quarter and full year, maintaining projected free cash flow of $2.8 billion to $3.0 billion (approximately KRW 4 trillion).

Upon his appointment, Broussard was granted roughly 344,000 restricted stock units, valued at about $6.6 million (around KRW 9 billion) at the grant date, which will fully vest on February 3, 2027.

Separately, on January 27 HP declared a cash dividend of $0.30 per share and announced that it will release its Fiscal 2026 first-quarter results and hold a conference call on February 24.

Enrique Lores is slated to become PayPal’s new CEO on March 1, marking leadership transitions at both companies.

HP is an information-technology company operating in more than 180 countries, offering PCs, printers, AI-based devices, and subscription software and services under its “Future of Work” strategy, which spans both office and remote environments. The PC and printer markets are highly sensitive to economic cycles and corporate IT spending, and, amid competition from Dell, Lenovo, and Apple, expanding subscription services and solutions remains a key priority.