EBay Inc on Monday appointed former Walmart Inc executive Jamie Iannone as its chief executive officer, effective April 27, sending shares higher.
The appointment comes nearly a month after activist investor Starboard Value said it wanted eBay to appoint an outsider as permanent chief executive, after being lead by an interim CEO for months.
Scott Schenkel, the company’s chief financial officer, has been serving as interim CEO since Devin Wenig stepped down in September, citing differences with the company’s board. Iannone, who most recently served as chief operating officer of Walmart eCommerce, previously held leadership roles at EBay from 2001 to 2009.Reporting by Amal S in Bengaluru; Editing by Aditya Soni
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart executive picked as eBay's new CEOWalmart's chief operating officer for U.S. e-commerce Jamie Iannone played a key role in the retailer's digital strategy and was one of its rising stars.
Read more »
Live Nation CEO Michael Rapino Gives up Salary, Top Execs Take Pay Cuts as Company Tightens BeltIn the wake of the steep challenges the live-entertainment industry faces due to the coronavirus pandemic, Live Nation CEO Michael Rapino will forego his 2020 salary and senior executives will see …
Read more »
Live Nation CEO to Forgo $3 Million Base Salary, Execs Take Pay CutsA month after suspending all tours amid the novel coronavirus pandemic, Live Nation's CEO will be forgoing his annual base salary and other executives will be taking pay cuts
Read more »
The best deals from around the web you won't find at Amazon or WalmartFrom Target to Chewy to Best Buy, this is where all the best deals are this weekend.
Read more »
How to order pet supplies online during the coronavirus pandemicIf you need pet supplies delivered online, these are the best places to buy pet supplies, from Chewy and Petco to Target and Walmart.
Read more »
Ireland's AIB approves 25,000 loan breaks: CEOAllied Irish Banks (AIB) has added 25,000 payment breaks to its loan books as it helps homeowners and businesses cope with the impact of the coronavirus, its chief executive was quoted as saying on Sunday.
Read more »