PayPal's Shrauger Resigns, May Join Yahoo

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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

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