December 6, 2004, 12:00 AM

eBay gets new heads of PayPal, North American and International

Jeff Jordan, SVP, eBay North America, has been named president of PayPal. Bill Cobb, SVP, eBay International, will replace Cobb as president, eBay North America. Matt Bannick, SVP, Global Online Payments, has been named president, eBay International.

Kurt Peters

Executive Editor

EBay Inc. has reported several promotions in senior management.

Jeff Jordan, formerly senior vice president, eBay North America, has been named president of PayPal. Jordan joined eBay in 1999 and the company gives him credit for achieving more than 400% growth in gross merchandise volume reaching $4.5 billion in the third quarter.

Bill Cobb, senior vice president of eBay International will replace Jordan and assume the title of president, eBay North America. Cobb has led eBay`s expansion into Europe and Asia for the past two years. During that time, gross merchandise volume for eBay International grew by 142% to $3.9 billion in the third quarter.

Replacing Cobb will be Matt Bannick, senior vice president of Global Online Payments, responsible for PayPal. He has been named president of eBay International. Bannick has been in charge of PayPal since its acquisition by eBay in 2002. During that time, PayPal has experienced payment volume growth of 117%, reaching $4.6 billion in the third quarter.

All three will continue to report to Meg Whitman, eBay`s president and CEO.

“The changes will broaden the leadership experience of eBay`s top managers while spreading expertise throughout eBay`s global organization,” eBay said in a release announcing the promotions.

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