By Ishbel Macleod

Ebay and PayPal are set to split into independent publicly traded companies in 2015, the companies have revealed.

Devin Wenig, president of eBay Marketplaces, will become CEO of new eBay company following separation, while American Express executive Dan Schulman joins PayPal immediately as president and CEO designee for PayPal.

“Ebay and PayPal are two great businesses with leading global positions in commerce and payments,” said eBay president and CEO John Donahoe. “For more than a decade eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value.”

He added that together, the pair will be “sharper and stronger, Read full story ›

Source: The Drum