Ebay gas appointed former Walmart Inc executive Jamie Iannone as its chief executive officer, effective April 27The company plans to install four directors on Ebay’s 14-member board and wanted the company to appoint an outsider as its permanent chief executive.
Scott Schenkel, the e-commerce company’s chief financial officer, has been serving as interim CEO since Devin Wenig stepped down in September, citing differences with Ebay’s board. Iannone, who most recently served as chief operating officer of Walmart E-commerce, previously held leadership roles at Ebay from 2001 to 2009 and will begin his term as chief executive officer on April 27.
The e-commerce company last year sold its ticketing unit, StubHub, for $4.05 billion, after activist investors Elliott Management Corp and Starboard urged its sale as part of a plan that could double eBay’s value. It plans to release an update on the classifieds business by the middle 2020.
