The president of eBay's payments business PayPal is stepping down to join Facebook where he will lead its messaging products business.
eBay said David Marcus, who has led the division for the past two years, would leave the firm on 27 June.
eBay president John Donahoe said Paypal's leadership team would report directly to him until a successor was found.
Mr Donahoe added that PayPal was on track to meet expectations for 2015.
PayPal, which accounted for 41% of eBay's revenues in 2013, has 148 million active accounts.
Under Mr Marcus's leadership it has expanded into mobile payments, and Mr Marcus said he was leaving the business with a "strong leadership team in place".
In a Facebook post, Mr Marcus said he'd decided to join Facebook after a meeting with its chief executive Mark Zuckerberg.
"At first, I didn't know whether another big company gig was a good thing for me, but Mark's enthusiasm, and the unparalleled reach and consumer engagement of the Facebook platform ultimately won me over," he wrote.
"I'm looking forward to getting my hands dirty again attempting to build something new and meaningful at scale," he added.
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