San Jose, Calif. -- eBay, the San Jose-based online auction giant, on Thursday named David Marcus as the new president of its PayPal online payments arm. Marcus, most recently the company's vice president of mobile, succeeds Scott Thompson, who left the company in January. He joined PayPal in August 2011 after the company acquired Zong, where he had served as CEO. In 2011, PayPal processed $118 billion in payments from over 100 million users in 190 countries, including $4 billion in mobile payment volume.
http://www.paypal.com
http://www.ebayinc.com/content/press_release/20120329005401
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