Core Viewpoint - PayPal has announced that Enrique Lores will become the new CEO on March 1, replacing Alex Chriss, as part of a leadership transition following the release of its fourth quarter earnings report [1][5]. Group 1: Leadership Transition - Enrique Lores, currently the CEO of HP, will take over as CEO of PayPal, marking a significant shift in leadership [1][4]. - Alex Chriss has been leading PayPal since September 27, 2023, after being appointed by former chairman John Donahoe [5][6]. Group 2: Strategic Focus - Lores aims to improve execution and progress on existing initiatives, emphasizing the need to enhance performance in branded checkout, which is central to PayPal's business [2][3]. - He highlighted the importance of maintaining momentum in areas like Venmo and buy now, pay later services [3]. Group 3: Market Reaction - Following the announcement of the new CEO and the earnings report, PayPal's shares fell over 15% in premarket trading [3]. Group 4: Previous Leadership Experience - Lores has a long history with HP, having joined as an engineering intern in 1989 and later leading the company through significant challenges, including a $35 billion hostile takeover bid from Xerox [4]. - Chriss previously worked at Intuit for 19 years, where he played a key role in major acquisitions and leadership restructuring [6]. Group 5: Partnerships and Initiatives - Under Chriss, PayPal established partnerships, including enabling payments through Amazon's Buy with Prime feature and becoming a processor for Shopify Payments [6].