EBay CEO Meg Whitman TO Step Down; John Donahoe Named Successor

[The Tavern Wench]

From TradingMarkets.com
Wednesday, January 23, 2008; Posted: 04:03 PM

(RTTNews) - eBay Inc. (EBAY | news | PowerRating | PR Charts ) announced that Meg Whitman will step down as President and CEO of eBay on March 31, 2008. Whitman will remain on the company's Board of Directors. eBay's Board of Directors voted unanimously to elect John Donahoe President and CEO.
Whitman joined eBay in March 1998. Whitman led eBay to become one of the fastest-growing companies in history. Over the last 10 years, she has built an unforgettable portfolio of brands and a thriving business that enables millions of people to trade, pay and communicate online.

Donahoe came to eBay in February 2005 from Bain & Company, where he had served as worldwide managing director since 1999. For nearly three years, Donahoe has been President of eBay Marketplaces, which accounts for more than 70 percent of the company's global revenues. In this role, Donahoe has been responsible for the growth of eBay and its other ecommerce businesses around the world, and during the time he has managed this business unit, both revenues and profits doubled.

 

[The Tavern Wench]

More Articles about Meg Stepping down:

Whitman resigns as eBay CEO  San Francisco Chronicle

Meg Makes it Official: Stepping Down as eBay CEO   AuctionBytes

Whitman retiring, Donahoe new eBay CEO  BusinessJournal



Meg's Offical Announcement at eBay:

***A Message from Meg Whitman***

[The Bar Keep]

Just saw the interview of Meg and john on CNBC. Waiting to hear the new fee structure still but all in all new blood brings new ideas and should propell eBay forward IMO.