PayPal Appoints Mobile Exec Hill Ferguson Its New Global Product

PayPal President David Marcus appointed Hill Ferguson the new head of Global Product for PayPal. Marcus founded and was CEO of Zong when PayPal acquired it, so he clearly felt comfortable promoting his former Vice President of Marketing & Product. Ferguson had led product management and marketing functions at Zong, which was a mobile payment service for digital goods merchants.

Marcus himself headed mobile at PayPal before taking over following Scott Thompson's departure. Upon naming him President in March, eBay CEO John Donahoe said Marcus would bring a "founder's perspective" and "start-up energy" to PayPal.

Marcus said Ferguson has a strong track record of delivering: "the ability to develop and drive a global product vision; a deep knowledge and understanding of the customer experience; an entrepreneurial spirit; an innate capability to cut through the clutter and simplify things; and finally an extensive experience in payments and financial services products."

Ferguson has led product teams at Yahoo, served as GM for Yodlee, founded LoanBack, which has processed over $1.5B in "friends and family" loans; and co-founded Moneycard Financial.