AllThingsD reports that Sam Shrauger, the PayPal’s VP of global product and experience, is leaving the company. Shrauger’s last day at the company will be as soon as tomorrow. Citing “sources” stated that could include Shrauger in a new senior role at Yahoo. PayPal’s President David Marcus will serve as the interim VP of global product and experience (GP&E) while a search is conducted for a proper replacement.
Here’s the entire internal memo:
Team,
Sam Shrauger has decided to leave PayPal. After eight incredible years with us, Sam says he feels like now is the right time to do something different. I know you join me in wishing Sam all the best. We’ll miss his passion, energy and commitment to PayPal and to creating innovative product experiences for our customers. I want to thank Sam for his leadership and many contributions. Sam joined PayPal in 2004 to help launch our merchant services business. He since has served in a variety of product and product strategy roles, including leading the Bill Me Later integration and launch of our digital goods initiatives. Most importantly, Sam leaves behind an extremely talented team. And I know they couldn’t be more fired up to deliver the next generation of groundbreaking PayPal products to delight our customers.
To ensure we don’t miss a beat, I will serve as interim GP&E leader. I’ll work in close partnership with the GP&E leadership team to ensure we’re on track to deliver our short and long term product and experience commitments. It will also give me a chance to take a fresh look at the opportunities ahead of us and the kind of product and experience leader we need. We will do a comprehensive search internally first, followed by an external search to find the right leader.
One thing won’t change. As we work through this transition, we will remain maniacally focused on delighting customers with amazing product designs and experiences. We’ve got some incredible momentum out there with recent product launches such as PayPal Payments, PayPal Here and our expansion into point of sale retail. We will continue to build on that momentum and elevate how we create world-class, disruptive and innovative product experiences.
I know the GP&E team can count on your full support. And as always, let me or the leadership team know if you have any questions.
We have enormous opportunity ahead of us. And we have a clear, bold vision and a strong strategy. Together, we are changing the world and creating the future of money. Let’s keep the momentum going.
Sincerely,
David Marcus
President, PayPal
(Image Credit: PayPal)
