PayPal recently announced that David Marcus has filled the role of President after Scott Thompson left the company in January to serve as CEO of Yahoo.

Marcus is the former CEO and founder of the mobile payments startup, Zong, which was acquired by PayPal last year.

On its blog post announcing the change, Ebay’s John Donahoe states:

“He’s going to lead PayPal with that “founder’s perspective,” to bring start-up energy to PayPal’s unmatched global reach and digital payment capabilities. With David at the helm, we will have an even deeper commitment at PayPal, and across eBay Inc., to be a leading technology-driven and customer-focused product innovation company.”

Prior to stepping in as President, Marcus worked on the launch of Square-rival, PayPal Here.

To learn more about PayPal, watch its FinovateEurope 2012 demo.