eBay Inc. has appointed David Marcus as President, PayPal unit. Marcus has claimed his plans to stick to the strategy Thompson and other top PayPal executives set in recent years.
Marcus said, "The strategy is clearly set. It's the right strategy. We put this together as a group. We just need to execute.” PayPal's top priorities are developing "products and consumer experiences" that change the way people pay around the world.”
John Donahoe, Chief Executive, eBay said, “PayPal is at an important "inflexion point" because it is moving into offline payments. What PayPal needs is a real product visionary who can bring together compelling consumer and merchant experiences. We have the scale. Products are global on day one."
