eBay CEO Devin Wenig is stepping down as the company continues review of potential sale of assets

announced on Wednesday that Devin Wenig, the president and CEO, is stepping down as the company moves forward with potential sale of assets.

Scott Schenkel, eBay's Senior Vice President and Chief Financial Officer since 2015, has been appointed as the interim CEO, according to the company's Board of Directors. "Devin has been a tireless advocate for driving improvement in the business, particularly in leading the Company forward after the PayPal spinoff," said Thomas Tierney, Chairman of the eBay Board. "Notwithstanding this progress, given a number of considerations, both Devin and the Board believe that a new CEO is best for the Company at this time."

The e-commerce giant also noted that "its previously announced operating review is ongoing and the Company expects to provide an update this fall."early processEBay stated in the press release that its strategic review of its asset portfolio including StubHub and eBay Classifieds Group is still in the process of moving forward with the assistance of

Schenkel joined eBay in 2007 as Vice President of Global Financial Planning and Analysis. He then spent six years as the Chief Financial Officer of eBay Marketplace before becoming the CFO of the whole company.

eBay Shakeup As CEO Resigns Company Considers Asset Sale

one glaring example that the exec team at ebay does NOT give any attention at all to their subsidiary biz...is to take a look at Kijiji. it has most horrendous site design...full of obnoxious ads; & da UX/UI is as bad. only Linkedin's design, UI CX is worse. DesignHorrors

When you already have that much $, why keep working anyway? Right?

HAPPY DANCE TIME, 8yrs in the making. This man has taken a once great company and TRASHED IT. It's not all his fault, eBay ALLOWED it. The question now is how long it will take current management to UNDO what he has done! HappyDance SoLongWenig eBayHasHopeNow

The dogshit phase of a companies lifecycle

I don’t love the payment system. What’s the point of needing to wait for eBay to confirm a payment when the money is clearly available?

Dinosaur

Interesting move eBay

What assets? They don't keep inventory?

I’ve been on eBay since 1997 and 3 pieces of advise. 1 Treat your sellers better. 2 Don’t go to managed payments 3 Stop trying to be Amazon

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Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »