PayPal President jumps ship for Yahoo!

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The President of PayPal, Scott Thompson, is leaving eBay Inc to become the CEO of troubled web service Yahoo!. Thompson’s departure is effective immediately and eBay Inc. CEO and President John Donahoe, will serve as interim PayPal President until a successor is appointed.

Richard Brewer-Hay of the eBay Ink blog, reports an email that has been sent to all Paypal staff. It’s the usual corporate guff.

One Response

  1. The big question is who are they going to put in place to replace Scott? In Meg Whitman’s time they had any number of experienced execs that could have stepped in. Who has Donahoe got lined up waiting in the wings?


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