• About
  • Contact
Wednesday, January 20, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Internet

Devin Wenig- eBay CEO Resigns After Disagreements With Board

Pritish raj by Pritish raj
September 26, 2019
in Internet, News
2 min read
0
eBay CEO- Next Big Brand

eBay CEO- Next Big Brand

Share on FacebookShare on Twitter
  • Wenig, 52, will be replaced as CEO on an interim basis by Chief Financial Officer Scott Schenkel, eBay said, adding that it is continuing to evaluate its companies and expects to update this fall.
  • The firm added to its board in March Jesse Cohn, who operates the U.S. equity activism practice at Elliott, and Matt Murphy, Marvell Technology’s CEO and Starboard’s nominee.

Devin Wenig, CEO of eBay Inc, stepped down on Wednesday, citing disagreements with the lately renovated board of the company, which is looking to sell some of its companies.

Wenig, who has been the CEO of the online auction and retail site  eBay for four years, said in a tweet: “In the last few weeks, it became clear that I wasn’t on the same page as my fresh board. Every time that occurs, it’s best for everyone to turn over that page.” Earlier this year, eBay changed its board and said that it was exploring alternatives for its ticketing department, StubHub, and eBay Classifieds companies after the pressure from hedge funds Elliott Management Corp and Starboard Value.

Wenig, 52, will be replaced on an interim basis by Chief Financial Officer Scott Schenkel, eBay said, adding that it is continuing to evaluate its companies and expects to update this fall.

“Because of a number of factors, both Devin and the Board think that at this moment a fresh CEO is best for the company,” said Thomas Tierney, Chairman of the Board in a declaration.

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

The firm added to its board in March Jesse Cohn, who operates the U.S. equity activism practice at Elliott, and Matt Murphy, Marvell Technology’s CEO and Starboard’s nominee.

E-Bay also said its board will be searching for a fresh CEO on Wednesday.

Andy Cring, Global Financial Planning and Analysis VP, was appointed Chief Financial Officer for the interim period.

EBay Inc. is a San Jose, California-based American multinational e-commerce corporation that promotes consumer and consumer sales through its website. Pierre Omidyar founded eBay in 1995 and became a remarkable success story of the dot-com bubble. As of 2011, eBay is a multi-billion dollar company operating in approximately 30 nations. The firm runs the eBay website, an online auction, and shopping website where individuals and companies purchase and sell a broad range of global products and services.

Tags: Devin Wenigebay CEO Resigns
Previous Post

Hurun India Rich List 2019- Mukesh Ambani is India's Richest Man

Next Post

Report Says 15% of India's Internet Users Belong To 5-11 Years Age Group

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
Hike Messaging App Shuts Down: Vanishes from Play Store and App Store
News

Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

January 19, 2021
Cure.fit Empowers its US Operations with Onyx Acquisition
News

Cure.fit Empowers its US Operations with Onyx Acquisition

January 18, 2021
Big Bull Backed Nazara Technologies Becomes first Indian Gaming Company to File for IPO
News

Big Bull Backed Nazara Technologies Becomes first Indian Gaming Company to File for IPO

January 19, 2021
Under Pressure WhatsApp Delays its Controversial New Policy Update
News

Under Pressure WhatsApp Delays its Controversial New Policy Update

January 16, 2021
Next Post
India's Internet Users- Next big Brand

Report Says 15% of India's Internet Users Belong To 5-11 Years Age Group

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Flipkart Arvind Fashions- Next Big Brand

Flipkart Invests $35 Million In Arvind Fashions To Target Youth

6 months ago
India Second Largest Mobile Manufacturer- Next Big Brand

India Is Second Largest Mobile Phone Manufacturer In World: Reports

8 months ago
Affle Logo - NextBigBrand

Affle India raised ₹206.55 crore from Anchor Investors before IPO

1 year ago
Kota Factory IMDb- Next Big Brand

Kota Factory Tops The IMDb List Of Top 10 Indian Web Series of 2019

1 year ago

FOLLOW US

  • 22.3k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Understanding AI- Powered Tech Platform for School Children Skill Development with Amit Bansal
  • Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
  • Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

Instagram

Follow Me!

Latest News

Understanding AI- Powered Tech Platform for School Children Skill Development with Amit Bansal

Understanding AI- Powered Tech Platform for School Children Skill Development with Amit Bansal

January 19, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.