00:00It's Benzinga bringing Wall Street to Main Street.
00:03PayPal shares fell in pre-market trading on Tuesday after the company announced a leadership
00:07change, according to Benzinga. PayPal appointed Enrique Loras as president and CEO effective
00:14March 1st, with Jamie Miller serving as interim CEO until that date. Loras succeeds Alex Christen
00:21after the board said progress under the current leadership did not meet expectations. Loras
00:27previously served as president and CEO of HP, where he led major changes that the board
00:32expects to carry over to PayPal. The announcement followed PayPal's fourth quarter earnings miss.
00:38Shares were down 15.56% at $44.19 during pre-market trading on Tuesday, hitting a new 52-week low.
00:48For all things money, visit Benzinga.com.
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