The acquisition will add more than 300 products to L’Oreal’s lineup.
Jeff Jordan, PayPal president since December 2004, will leave this fall to spend more time with his family. He will be replaced by long-time eBay Inc. executive and Skype president Rajiv Dutta. PayPal and Skype are eBay subsidiaries.
PayPal Inc. president Jeff Jordan will step down in the fall to spend more time with his family. He will be replaced by long-time eBay Inc. executive Rajiv Dutta, who has been with eBay since 1998, serving in a variety of finance and operating roles. PayPal is a subsidiary of eBay.
Jordan joined eBay in 1999 and led eBay North America from 2000 through December 2004, when he was named president of PayPal. Under his leadership, the PayPal payment service expanded on the eBay marketplace and also built a thriving business among online merchants outside of eBay. Since Jordan became president, total payment volume increased 89% to $8.8 billion and the number of user accounts jumped 85% to 105 million.
Dutta was eBay’s chief financial officer and head of eBay strategy from 2001 through 2005, a period of rapid growth and global expansion. He was closely involved in several major acquisitions, including the acquisition of PayPal in 2002. He was named president of Skype, where he has worked closely with Niklas Zennstrom, Skype CEO and founder, on managing Skype’s growth and integration with eBay.
With Dutta moving to PayPal, Alex Kazim, Skype vice president of products, will assume the role of Skype president, reporting to Zennstrom. In addition, Henry Gomez, currently general manager of Skype North America, will become chief marketing officer and director of country operations worldwide for Skype. Don Albert, director of business development for Skype North America, will succeed Gomez as general manager.
EBay also named Lorrie Norrington, president and CEO of Shopping.com, president of eBay International. She replaces Matt Bannick, who heads eBay’s initiatives in corporate philanthropy and the developing world. Josh Silverman, vice president of products for Shopping.com, will become general manager.