Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

PayPal President David Marcus Is Stepping Down To Join Facebook

Jillian D'OnfroJun 10, 2014, 02:07 IST

PayPal

PayPal CEO David Marcus is stepping down from his position to join Facebook, where he'll work on the company's mobile messaging products.

eBay President and CEO John Donahoe says that Marcus has made the career decision so that he could focus on what he loves the most: Leading smaller teams and creating great product experiences.

Marcus joined PayPal as vice president in 2011, and was promoted to president in 2012.

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Here's the full press release: