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EcommerceBytes-NewsFlash, Number 2817 - June 01, 2012 - ISSN 1539-5065    4 of 4

PayPal Appoints Mobile Exec Hill Ferguson Its New Global Product

By Ina Steiner
June 01, 2012

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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.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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