https://wccftech.com/ebay-ceo-departs-amid-corporate-shake-up/

eBay (NASDAQ:EBAY), the online auction company, announced today that the company’s Chief Executive Officer and President, Devin Wenig, is stepping down. The current CFO, Scott Schenkel, will adopt the mantle of interim CEO during this transition period as the company’s board of directors explores candidates to fill this post on a permanent basis.

Chairman of eBay board of directors, Thomas Tierney, extolled the efforts of the outgoing CEO in the following words: “Devin has been a tireless advocate for driving improvement in the business, particularly in leading the Company forward after the PayPal spinoff. Indeed, eBay is stronger today than it was four years ago. Notwithstanding this progress, given a number of considerations, both Devin and the Board believe that a new CEO is best for the Company at this time.”