Mr Jordan, who joined eBay in 1999, plans to spend more time with his family, the company said. eBay bought the online payments service PayPal in 2002. Meg Whitman, president and CEO of eBay, said: Jeff has had a long and successful career at PayPal and eBay, building two of the most powerful ecommerce and payment brands on the internet.

The Californian-based company also announced several other management changes. Alex Kazim, currently vice president of Skype, will become Skype president while Henry Gomez, currently general manager of Skype North America, will become chief marketing officer and director of country operations worldwide.

Lorrie Norrington was named president of eBay International and will be responsible for all of eBay’s international marketplaces, as well as Shopping.com. Josh Silverman will take over the day-to-day operations at Shopping.com.

Ms Whitman said: We have the leading brands in ecommerce, online payments, and online communications. Transferring leadership across those businesses allows us to better innovate and collaborate throughout the company.

The company also announced that it will not be including Google’s new payments service, Google Checkout, on its list of permitted payment services providers.