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PayPal CEO Jeff Jordan steps down

July 10, 2006

Last week, eBay said that PayPal CEO Jeff Jordan is stepping down from the company as part of a planned management reshuffling. Jordan, who joined the company in 1999, intends to leave his job around October in order for him to spend more time with his family. He led eBay North America from 2000 through 2004, and was named CEO of PayPal in December two years ago.

"Jeff has had a long and very successful career at PayPal and eBay, building two of the most powerful eCommerce sites and payment gateway solutions on the Internet today," said President and CEO Meg Whitman. "Jeff's been a valued colleague and close friend, and while I'm sorry to see him go, I wish him the very best."

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Longtime eBay executive Rajiv Dutta will take over as PayPal president.

Dutta, who has been with eBay since eight years, served as CFO and head of eBay strategy from 2001 through 2005. Early this year, he was named president of Skype.

Alex Kazim, currently vice president of products for Skype, will assume Dutta's role as president, and will be responsible for continuing the growth of the business.

In addition, Henry Gomez, currently general manager of Skype North America, will become chief marketing officer and director of country operations worldwide for Skype. In that newly created role, he will be responsible for worldwide marketing and local business activities around the world.

eBay named Lorrie Norrington as president of eBay International, effective immediately.

Norrington, who served as president and CEO of Shopping.com, is now responsible for all of eBay's international marketplaces including Shopping.com.

She replaces Matt Bannick who, as previously announced, will be spearheading eBay's initiatives in corporate philanthropy and the developing world.

Norrington joined Shopping.com as president and CEO in June of last year after four years as an officer of Intuit and 20 years of leadership in several of General Electric's global businesses.

Source: eCommerce Times



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