In a press release, eBay has announced that PayPal President David Marcus is leaving the company on June 27 to lead Facebook's messaging products.
"As the head of PayPal, David helped make a great business better, reinvigorating product design and innovation and energizing the team to deliver compelling consumer experiences," said eBay Inc. President and CEO John Donahoe.
"An entrepreneur at heart, David has made a career decision to focus on what he loves most - leading smaller teams to create great product experiences," Donahoe said. "We wish him well. He leaves behind a strong leadership team, committed to not skipping a beat on executing our plans, scaling product innovation and driving global growth."
Marcus has also posted a personal note about his move on Facebook - writing "I’m looking forward to getting my hands dirty again attempting to build something new and meaningful at scale."
In its own press release announcing the appointment of Marcus, Facebook noted: "We’re excited by the potential to continue developing great new messaging experiences that better serve the Facebook community and reach even more people, and David will be leading these efforts."