eBay Says Marcus Will Succeed Thompson as President of Paypal

eBay Inc. (Nasdaq: EBAY) today announced that executive David Marcus has been named President of PayPal, effective April 2. PayPal is the leading online payments provider serving millions of merchants and customers around the world with a faster, safer way to pay and be paid. A member of PayPal's executive management team, Marcus, has been leading PayPal's rapidly growing mobile payments business and has driven important mobile product innovations. Reporting to eBay Inc. President and CEO John Donahoe, Marcus succeeds Scott Thompson, who left the company in January.