Longtime eBay Chief Preparing to Step Down
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Meg Whitman, who has guided eBay for a decade, wants to retire. She's helping to pave the way for a smooth transition, reports say.
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Beth Axelrod, chief talent officer at WPP and a member of its board, quit last week and is taking the top HR post at San Jose, Calif.-based eBay, a WPP rep confirmed.
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Michael D. Eisner told the board of directors Thursday that he plans to step down in two years.
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SAN JOSE, Calif. -- Meg Whitman, the Web-pioneering chief executive of eBay Inc., is preparing to retire after a decade at the helm of the online auctioneer, according to a published report.
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Howard Schmidt, now at eBay, will chair Homeland Security Dept.'s Computer Emergency Response Team.
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Meg Whitman, the chief executive of online auction website eBay, announces she will step down on 31 March.
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Is Meg Whitman preparing to leave the top spot of the highly successful auction site? People close to the situation think that the corporate leader, mentor, and self-made billionaire is now ready to open eBay's doors to some fresh new ideas.
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EBay Inc Chief Executive Meg Whitman, one of the most powerful women in business, is preparing to retire from the online auctioneer, The Wall Street Journal said on Tuesday.
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eBay exceeded Wall Street&#39;s earnings and revenue expectations for its fourth quarter and,&#160;as expected, announced that Meg Whitman will step down as president and CEO at the end of March, ending a 10-year tenure at the helm of the e-commerce giant.For the quarter ended Dec. 31, 2007, eBay had revenue of $2.18 billion, up $461 million from the fourth quarter of 2006 and above the $2.14 billion consensus estimate from analysts polled by Thomson Financial.Revenue grew across the board, but PayPal, StubHub, Skype, and advertising performed particularly well as eBay enjoyed strong sales during the 2007 holiday season, the company said Wednesday.New income was $531 million, or $0.39 per share, up from $346 million, or $0.25 per share, in 2006&#39;s fourth quarter. On a pro forma basis, which includes one-time items, net income was $611 million or $0.45 per share, topping the consensus expectation by $0.04.Whitman will hand over her CEO and president titles on March 31, but she will remain on the company&#39;s board of directors. She will be succeeded by John Donahoe.Whitman joined eBay in March 1998, when the company operated only in the U.S. and had 30 employees and $4.7 million in annual revenue. It now operates worldwide with more than 15,000 employees and almost $7.7 billion in revenue.Donahoe has been with eBay since February 2005, coming from Bain &amp; Company, where he was worldwide managing director since 1999. He is president of eBay Marketplaces, which generates more than 70 percent of the company&#8217;s global revenue.Rajiv Dutta, PayPal&#39;s president, has been named eBay executive vice president and will also replace Donahoe as president of eBay Marketplaces. Scott Thompson, PayPal&#8217;s CTO, will take over as PayPal president.Meanwhile, Bill Cobb, president of eBay North America, will step down and retire from the company at the end of the year. Lorrie Norrington, currently president of eBay International, will become president of eBay Marketplaces Operations and assume Cobb&#39;s responsibilities, eBay said.
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Online marketplace eBay on Thursday announced changes to its top management aimed at broadening the executives&#39; leadership experience.
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EBay Inc Chief Executive Meg  Whitman, one of the most powerful women in business, is  preparing to retire from the online auctioneer, The Wall Street  Journal said on Tuesday.
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The surf-and-skate retailer's executive resigns, possibly to go off and buy Rossignol.
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The president of PayPal will step down as part of an eBay reshuffling of executives announced a week after Internet search juggernaut Google launched a rival online payment service.
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Description: Michael Eisner, the embattled head of the Walt Disney Co., is planning to step down as CEO when his contract expires in the year 2006.
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EBay is expected to unveil changes to its online marketplace Tuesday that the company characterizes as sweeping and historic and that are aimed at boosting sales by making the shopping experience simpler and safer.The changes, which include lowering some fees and raising merchant standards, will be announced at the company&#39;s eCommerce Forum by John Donahoe, who will&#160;succeed Meg Whitman as president and CEO&#160;in March.Donahoe said last week during a conference call to discuss eBay&#39;s fourth-quarter financials that the eBay marketplace business hasn&#39;t been growing as fast as he would like and that changes would be coming to make the shopping experience easier and safer.&quot;Buyers have become accustomed to streamlined purchasing experiences that put a premium on speed, convenience and reliability,&quot; Donahoe, president of eBay Marketplaces, said last week. &quot;While we&#39;ve made strides in these areas, I&#39;m clear we need to do much more.&quot;On Tuesday he is expected to announce that eBay will introduce an insertion fee reduction in the U.S. Feb. 20 by cutting the cost of listing items by 25 percent to 50 percent. By reducing the impact of items that don&#39;t sell, eBay hopes merchants will list more products. In turn, eBay is increasing the so-called &quot;final value&quot; fees it charges merchants when items are sold.EBay will also do away with fees it charges U.S. merchants for its &quot;gallery&quot; option, in order to encourage merchants to include more photos with their listings. Fee changes will vary by country.In addition, eBay will alter its search engine so that merchants with lower rates of customer satisfaction get less exposure on search results. Meanwhile, sellers with higher buyer satisfaction ratings will get better exposure in search results.EBay will also require a &quot;safe payment option,&quot; such as PayPal or a major credit card, from merchants with lower customer satisfaction and from those in product categories that generate many buyer complaints. Moreover, eBay will also raise the requirements for qualifying as a PowerSeller and update its feedback system.EBay&#39;s fourth-quarter earnings and revenue exceeded Wall Street&#39;s expectations, but its outlook for this year was considered generally disappointing. For example, the conservative 2008 forecast, coupled with slowing growth in the marketplace business, led Citigroup to downgrade the stock to &quot;hold.&quot;&#160;
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Meg Whitman will soon step down as chief executive of eBay Inc., the online auction company that went from wobbly startup to multibillion-dollar household name in her 10-year tenure.
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An era at eBay is about to end.  Meg Whitman, chief executive of eBay for the past 10 years, is retiring.