×
513
Fashion Jobs
HAYS RECRUIMENT
Merchandising Manager - Growing Jewellery Brand
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Ecommerce Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Sales Supervisor
Permanent · LONDON
TOO FACED
Too Faced Business Manager, Boots - Oxford
Permanent · OXFORD
TOO FACED
Too Faced Business Manager - Boots, Leeds Trinity
Permanent · LEEDS
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
360 RESOURCING
Account Manager
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Brompton Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
HAYS RETAIL
Retail Operations Manager
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CAMBERLEY
NEXT RETAIL LTD
Warehouse Administrator
Permanent · DONCASTER
HAYS RECRUIMENT
E-Commerce Manager
Permanent · LONDON
HAYS RECRUIMENT
Eyewear Account Manager South London
Permanent · LONDON
NEXT RETAIL LTD
Home Design Consultant
Permanent · CARDIFF
NEXT RETAIL LTD
Sales Coordinator - Permanent
Permanent · LONDON
360 RESOURCING
Head Office Recruitment Consultant - Fashion Retail
Permanent · LONDON
360 RESOURCING
Temps Controller / Temps Recruitment Consultant - Fashion Retail
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Production Manager-Shoes & Slg-Luxury- London Salary up to £70k
Permanent · LONDON
DEPLOY LONDON
International Sales & Marketing Manager
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Digital Marketing Manager
Permanent · LONDON
Advertisements

Ebay CEO Devin Wenig steps down, cites differences with board

By
Reuters
Published
today Sep 25, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ebay Inc Chief Executive Officer Devin Wenig stepped down on Wednesday, citing differences with the company’s recently revamped board, which is looking to sell some of its businesses.


Devin Wenig, president and CEO of Ebay - Photo: Reuters


Wenig, who’s been the online auction and retail site’s CEO for four years, said in a tweet: “In the past few weeks it became clear that I was not on the same page as my new Board. Whenever that happens, it’s best for everyone to turn that page over.”

Earlier this year, Ebay made changes to its board and said it is exploring options for its ticketing unit, StubHub, and eBay Classifieds businesses, after coming under pressure from hedge funds Elliott Management Corp and Starboard Value.

Wenig, 52, will be replaced with Chief Financial Officer Scott Schenkel on an interim basis, Ebay said, adding that it was continuing a review of its businesses and expects to provide an update this fall.

“Given a number of considerations, both Devin and the Board believe that a new CEO is best for the Company at this time,” board Chairman Thomas Tierney said in a statement.

A dispute over the proposed sale of the Classifieds business led to Wenig’s departure, CNBC reported, citing sources.

In March, the company added Jesse Cohn, who runs Elliott’s U.S. equity activism practice, and Matt Murphy, the CEO of Marvell Technology and a nominee of Starboard, to its board.

Ebay also said on Wednesday its board will undertake a search for a new CEO.
Andy Cring, VP of Global Financial Planning and Analysis, was named interim Chief Financial Officer.

Elliott and Starboard did not immediately respond to a request for comment.

© Thomson Reuters 2020 All rights reserved.