PayPal President Scott Thompson will become Yahoo’s new CEO, the company announced Wednesday.

The role has been vacant since the company fired Carol Bartz in September. Thompson will relieve Yahoo’s interim CEO Tim Morse, who will return to his position as chief financial officer.

Thompson has served as president of eBay’s payment division since 2008. Yahoo’s announcement points out that under his leadership PayPal more than doubled both its active userbase and its revenues.

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