Devin Wenig steps down as CEO of eBay

September 25, 2019 Facebook Twitter LinkedIn Google+ People On The Move

Devin Wenig

Devin WenigeBay [TCO] has announced this morning that Devin Wenig has stepped down as his role of CEO for the eCommerce giant. Devin was appointed to CEO back in July 2015 following eBay’s spinoff of PayPal

Thomas Tierney, Chairman of the eBay Inc. Board, said, “During his 12 years at eBay, Scott has demonstrated that he is a strong and dynamic leader who knows our business inside and out. He has worked closely with our teams across the Company to execute our strategy. We are confident that Scott’s experience at eBay positions him well to lead the Company during this time.”

eBay [TCO] current Senior Vice President and Chief Financial Officer (CFO), Scott Schenkel has been appointed the company’s interim CEO by eBay’s board of directors. eBay will be appointing Vice President, Global Financial Planning and Analysis, Andy Cring, to the position of interim CFO.  These shakeups should not come as a surprise as earlier in the year investors Elliott Management had called for more cost cutting steps within the organization, this lead to layoffs and restructuring.

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