PayPal's Shrauger Resigns, May Join Yahoo

By Joe Eitel April 10, 2012

Sam Shrauger, VP of global product and experience at PayPal, recently announced his resignation. He will likely join his former boss, Scott Thompson, CEO of Yahoo, in a senior position as Yahoo plans a restructuring in the near future, according to AllThingsD.

Shrauger was an important part of the PayPal team, helping integrate its Bill Me Later service. He worked at the eBay-owned company since 2004.

“After eight years at PayPal, Sam has decided to leave the company,” a company spokesperson stated. “We wish him all the best.” His last day may be as soon as Wednesday.

Shrauger formerly worked for Scott Thompson at PayPal before Thompson resigned and joined Yahoo as its new CEO. Yahoo announced major restructuring last week, which Tricia Duryee of AllThingsD believes may have played a key role in Shrauger’s sudden resignation.

If Shrauger does indeed join Thompson at Yahoo, he wouldn’t be first person to leave PayPal to take a job at Yahoo. Amanda Pires, former PayPal Communications director, left PayPal recently to join Thompson’s newly revamped team at Yahoo.

David Marcus, PayPal’s President, will serve as interim VP of global product and experience until a permanent replacement is found. Marcus joined the PayPal team in 2008 when it acquired Zong, a mobile payments startup he founded.

News of Shrauger stepping down comes amid several other resignations the company has had to deal with in recent weeks. In addition to Duryee leaving for Yahoo, PayPal mobile platform division manager Osama Bedier left for Google. Other key executive-level departures from eBay/PayPal include Neal Sample, Carl-Olav Scheible and Alyssa Cutright.

Despite the recent shakeup in management at PayPal, Marcus remains optimistic about the company’s future.

“One thing won’t change,” he stated in a memo obtained by AllThingsD. “As we work through this transition, we will remain maniacally focused on delighting customers with amazing product designs and experiences. We’ve got some incredible momentum out there with recent product launches such as PayPal Payments, PayPal Here and our expansion into point of sale retail.”




Edited by Braden Becker

TechZone360 Contributing Writer

SHARE THIS ARTICLE
Related Articles

Consumer Privacy in the Digital Era: Three Trends to Watch

By: Special Guest    1/18/2018

Digital advertising has exploded in recent years, with the latest eMarketer data forecasting $83 billion in revenue this year and continued growth on …

Read More

CES 2018: Terabit Fiber - Closer Than We Think

By: Doug Mohney    1/17/2018

One of the biggest challenges for 5G and last mile 10 Gig deployments is not raw data speeds, but middle mile and core networks. The wireless industry…

Read More

10 Benefits of Drone-Based Asset Inspections

By: Frank Segarra    1/15/2018

Although a new and emerging technology, (which is still evolving), in early 2018, most companies are not aware of the possible benefits they can achie…

Read More

VR Could Change Entertainment Forever

By: Special Guest    1/11/2018

VR could change everything from how we play video games to how we interact with our friends and family. VR has the power to change how we consume all …

Read More

Making Connections - The Value of Data Correlation

By: Special Guest    1/5/2018

The app economy is upon us, and businesses of all stripes are moving to address it. In this age of digital transformation, businesses rely on applicat…

Read More