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PayPal Looks To Startup Past, Product Future With Marcus As President

3 years agoTechnology : TechCrunch

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.
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