San Jose: Rajiv Dutta, President, eBay Marketplaces, is retiring from the company. He will be replaced by Lorrie Norrington, who most recently was President of eBay Marketplaces Operations. She will report to eBay President and CEO John Donahoe. The executive change is effective from October, said the company which enables local, national and international trades via online.

"Rajiv has made tremendous contributions to eBay's growth and success, and has been an extraordinary leader over the past decade," Donahoe said, adding, "Now our team worldwide is being led by Lorrie Norrington, who deeply understands our business, as she is connected to our Community. She has been instrumental in leading the improvements we are making this year."

With eBay for 10 years, Dutta served in multiple positions including Chief Financial Officer of the company. He had stints as President of Skype and head of PayPal. He successfully led PayPal until earlier this year when he was named President of eBay marketplaces, succeeding Donahoe in that post.

"I am deeply grateful to have been part of building eBay for the past decade," Dutta said. "With clear growth strategies and a very strong management team in place, the time is right for me to step away," he added.

Before taking charge of market place operations of eBay, Norrington, who joined eBay three years ago, was President of eBay International. Before that, she was president and CEO of Shopping.com, eBay's online comparison shopping business.

With Norrington's promotion, Stephanie Tilenius, General Manager of eBay North America, will assume additional responsibilities for all of eBay North America operations, including some functions that previously reported to Norrington. Tilenius also continues to be responsible for global product management.