The head of PayPal is leaving at the end of June to join the team at Facebook.
It was announced Monday that company president David Marcus is leaving PayPal at the end of June to lead Facebook’s messaging products.
"We wish David well and thank him for his leadership and commitment to PayPal. As the head of PayPal for the past two years, David reinvigorated product design to deliver compelling consumer experiences and energized the team to make a great business better," said John Donahoe, President and Chief Executive Officer, eBay Inc.
"An entrepreneur at heart, David has made a career decision to focus on what he loves most – leading smaller teams to create great product experiences."
PayPal’s leadership team will report to Donahoe until a new president is named.