Enrique Lores is a famous Spanish executive and the CEO of HP Inc. With more than three decades of experience, Lores is one of the senior-most people in HP. In better words, he is leading the world with that single powerful idea that has the potential to bring an impact on the entire globe, as it is the motto of HP.
As a worldwide technological leader, HP aims in creating technology that inspires meaningful progress. They function across 170 countries with several innovative products and service portfolios. With Enrique Lores as the CEO, HP will soon take over the world as the only technology company as well as the most sustainable one.
However, there is still more to discover about Lores, including his early career and his successful journey. So without any further delay, let’s get started.
Who Is Enrique Lores And Where Was He Born?
Enrique Lores is an established multifaceted leader of a Fortune 100 company, which has his hold over 170 countries, making life better for the techies living there. Lores was born in Madrid in 1964-1965, making him 57-58 now. He acquired a bachelor’s degree in electrical engineering and an MBA from the Polytechnic University of Valencia and ESADE Business School in Barcelona, respectively.
Following his studies, Lores joined HP in 1989, but his only intention was to work as an engineering intern. However, he quickly became an engineering behemoth and took over HP in a short span of time.
How Did Enrique Lores Become The CEO Of HP?
As accomplished as Lores is, it was obvious for HP to hand over its responsibility in the safest of hands, and at the moment, none other than Enrique Lores was deserving to own the position of CEO, which is quite a big deal.
Moreover, his leadership quality and innovation skills he had were also speechless as he simply transformed the foundation of the company altering the way it operates. Therefore, the company honored Lores as a CEO in November 2019.
Enrique Lores Career In HP
Since joining HP in 1989, Lores has held several major roles. Although he joined as a research and development engineer, he was quickly promoted as Vice President of the Imaging and Printing Group in 2001. He served in this position for 2 years until 2003. After that, he was chosen as the Vice President and General Manager, a position that he owned for more than four and a half years.
In 2009, Lores won the Franz Edelman Award together with HP Labs. Soon after, the company realized, they have made many accomplishments with Enrique Lores in handling a leading position. Thereafter he was promoted per year starting in 2011. For the next couple of years, Lores served as the Senior Vice President of Worldwide Customer Support and Services.
During the next few years, Lores literally controlled 10,000 worldwide employees which provided unmatched services to roughly 150 million customers. By then, Lore gained expertise in managing the PPS Attach and managing services organizations. He further used to foresee the daily supposed operation business. He also created an aggressive service plan to help HP differentiate the building and selling service operations it made.
Although he was handling a difficult job, Lores made it possible to manage the Industry Solutions Team while he was leading CSS. Therefore, his contribution was such that he even touched on the ideas of education and healthcare.
Later in 2013, Lores served as a Senior Vice President and General Manager for Business Personal Systems until 2014. It compasses a diverse portfolio of products including workstations, tablets, PCs, and more. In this role, Lores took the responsibilities of the overall business including product and market-defining.
From 2014 to 2015, Lores was the President of HP and in November 2019, he became the President and CEO. As president of HP, Lores continuously outperformed the goals set by the company by focusing on business model evolution and differentiated innovation, including HP’s acquisition of Samsung’s Printer Business. It was one of the landmark movements made by HP that is still remembered after 5 years along with praising the partnerships with Xerox and Canon.
Over the past few decades, Lores has extended the notion of consistency and environmental sustainability throughout the different communities of the world. He has also succeeded in aligning with societal needs with his roots standing firm in HP values.
With more than 3 decades in service, Enrique Lores has managed to tackle different strategies. Also, he is one of the most prominent people ever to work under HP with a bachelor’s degree in electrical engineering as well as an MBA. In short, he had a lucrative career and there is no doubt that Lores further has a promising future ahead.
Enrique Lores Net Worth
As successful as he is, Lores has amassed a fortune from his career at HP. Although it is known that Enrique Lores net worth would be praiseworthy, it should be noted that Lores has also encouraged many budding engineers to copy his footprints as the technical saga has by far earned a whopping net worth of $6,996,990. It is the sum amount which he earned after serving multiple positions including Director of HP, Chief Executive Officer, and President.
The previous CEO, Marie Myers earned $664,445, and the second-last CEO of the massive company earned half of it. So apparently, it is Erique Lores who has managed to earn a staggering sum when compared to the ex-CEOs of HP.