By Kevin McCauley
Yahoo! CEO Scott Thompson has hired PayPal veteran Sam Shrauger to run the newly created consumer commerce business unit with senior VP Mollie Spilman.
He had served as VP for PayPal’s global product and experience unit, where he helped build the nearly $80B merchant services sector and develop products to push into the traditional offline payment arena.
Shrauger joins Spilman, who was Yahoo!’s Americas marketing chief and a 22-year veteran of media companies such as Time Warner, Meredith Corp. and Discovery Networks, on Yahoo!’s executive leadership team.
Thompson, the former president of PayPal, called the duo “extremely talented and experienced leaders who bring unique and complementary skills to our tremendous commerce opportunity.
Yahoo! announced the cut of 2,000 workers as part of its most recent restructuring.
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