PayPal taps mobile chief David Marcus as next CEO, replaces exec who left to run Yahoo

SAN JOSE, Calif. – PayPal’s mobile unit chief will become the online payments service’s next CEO.

David Marcus, PayPal’s vice-president of mobile, is succeeding Scott Thompson, who left in January to become CEO of Yahoo Inc. Marcus will move into the new job on Monday.

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Marcus’s leadership should help PayPal continue its drive to move beyond traditional computers to phones and other mobile devices. Recently, PayPal unveiled a service that lets small businesses from coffee shops to plumbers accept credit cards using a small triangular card reader attached to a smartphone.

Marcus joined PayPal in August as part of its acquisition of Zong, a mobile payments provider that Marcus founded.

Marcus will report to John Donahoe, president and CEO of PayPal’s parent company, eBay Inc.