eBay Inc. announced that Dan Schulman has joined PayPal as president, effectively immediately, and he will become PayPal CEO after PayPal and eBay are separated next year into independent, publicly traded companies. eBay Inc. also announced that Devin Wenig, president of eBay Marketplaces, will become CEO of eBay in 2015.
Schulman—who has nearly 30 years of senior leadership experience, with an emphasis on payments and mobile technology—most recently was president of the enterprise growth group at American Express. He also served as president of the prepaid group at Sprint Nextel Corp., following its acquisition of Virgin Mobile USA Inc., where he led the company as its founding CEO.
Wenig joined eBay in 2011 after more than 18 years at media organization Thomson Reuters, where he served as CEO of Thomson Reuters Markets. He also was chief operating officer at Reuters Group PLC, the media and technology company, where he led Reuters’ consumer media and Internet strategy and the company’s data, information and analytical products, among other functions.