eBay announced on Wednesday Devin Wenig, the president and CEO, is stepping down as the company moves forward with 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.
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