eBay CEO John Donahoe announced this morning that David Marcus, the former CEO and founder of mobile payments startup Zong and PayPal Mobile VP, will be taking over as PayPal's president. As you may know, former president Scott Thompson departed PayPal in January to be Yahoo's CEO. Marcus joined PayPal last year when the payments giant acquired Zong for $240 million. Marcus stepping into the top spot at PayPal is not particularly surprising considering his extensive experience in the mobile and payments world, but it's interesting that eBay chose a Silicon Valley startup entrepreneur (as opposed to an exec with large company experience) to lead its crown jewel.
PayPal president Scott Thompson's departure to run Yahoo took a lot of people by surprise (although not Kara Swisher, natch). That includes EBay's chief executive, John Donahoe. Donahoe dispatched an email to PayPal employees Wednes... Read Post
eBay this morning named David Marcus as President, succeeding Scott Thompson, who left the company in January to become CEO at Yahoo. Marcus had been running PayPal’s mobile payments business. “David is the right leader for PayPal,”... Read Post