- eBay Inc (NASDAQ:EBAY) announced it has named Jamie Iannone as CEO of the company. These are the details.
eBay Inc (NASDAQ:EBAY) announced it has named Jamie Iannone as CEO of the company. was previously an e-commerce executive at Walmart. Specifically, Iannone was the operating chief of Walmart eCommerce in the U.S. Iannone’s role as the CEO of eBay will be effective starting April 27.
This is not the first time that Iannone will be working on eBay. Iannone previously worked in a variety of executive roles at eBay between 2001 and 2009. For example, Iannone launched the first product marketing team at eBay and worked as a vice president at the company.
Before coming back to eBay, Iannone also worked as president and CEO of SamsClub.com between 2014 and 2017. After that, his role was expanded to also include EVP of Membership and Technology at Walmart.
Iannone joining eBay comes at a time when the board of the directors is having some back-and-forths with activist investors like Elliott Management and Starboard Value. Those investment firms have also successfully pushed eBay to sell off some of its subsidiaries like StubHub for $4.05 billion.
Elliott partner and eBay board member Jesse Cohn said that the appointment of Iannone was a positive for the company.
At Walmart, Iannone oversaw the rollout of the Scan & Go mobile checkout system. And he simplified the Sam’s Club membership packages.
Key Quotes:
“The Board believes Jamie is the ideal CEO to lead eBay’s next chapter of growth and success. We have all been impressed by his strong track record of innovation, execution, operational excellence, and developing teams that drive results. Jamie has consistently delivered high growth during rapid periods of industry disruption, consumer change and technological advancement. He is a world-class leader, and we are excited to welcome him back to eBay.”
“We are deeply appreciative to Scott Schenkel for his leadership, not only over the past six months as interim CEO, but also during his 13-year tenure at eBay. In addition to leading bold actions in response to the COVID-19 pandemic, with Scott as interim CEO, eBay has re-prioritized its product roadmap, scaled growth initiatives, significantly improved margins and positioned the Company for enhanced shareholder returns. On behalf of the Board and the entire eBay family, we extend our sincerest gratitude to Scott for a job exceptionally well done.”
-Thomas Tierney, Chairman of eBay Inc.’s Board
“I am honored to rejoin eBay as its next Chief Executive Officer,” said Mr. Iannone. “In my previous experience with the Company, I developed a deep appreciation for what makes eBay so special. eBay’s success has always been rooted in its robust C2C platform. I believe the Company has tremendous opportunities to capitalize on this foundation, innovate for the future and grow its ecosystem. I look forward to working with our global teams to enhance buyer experiences and provide more capabilities that will help small businesses sustain and grow. I will focus on continuing to evolve the Company’s strategy while delivering on eBay’s commitment to maximize long-term shareholder value.”
-eBay CEO Jamie Iannone
