The current president and CEO of the cloud-computing company Frank Slootman will continue as chairman of the board “upon stepping down from his management role on April 3,” according to a statement on the company’s website. Slootman told CNBC that Donohoe’s availability following the PayPal and eBay split encouraged him to “make room.”

ServiceNow software allows companies to consolidate IT applications and integrate across departments. Donahoe first used it while working at eBay.

“I am honored to lead ServiceNow,” Donahoe said in a statement. “ServiceNow is extremely well positioned to expand its leadership in the years ahead. Working alongside Frank and the Board, the management team and I intend to capitalize on our opportunities to drive growth and create value for our customers, partners, shareholders and employees.”