"Check Point CEO Gil Shwed Resigns After 30 Years, Q4 Earnings Beat Estimates"
Gil Shwed, co-founder and CEO of Check Point for 30 years, is stepping down to become Executive Chairman, focusing on the company's future. Despite facing criticism for conservatism, Check Point's 2023 financial report showed a 4% revenue increase to $2.4 billion and a net profit of $840 million. Shwed's departure comes as the company thrives, with little competition in terms of profitability, and follows the acquisition of Perimeter 81 for half a billion dollars.