Via https://newsapi.org online business online marketing online business opportunities eBay Lures Away Walmart E-Commerce Chief to Serve as CEO
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Via https://newsapi.org online business online marketing online business opportunities


via https://newsapi.org online business online marketing online business opportunities The Motley Fool

Via https://newsapi.org online business online marketing online business opportunities The online merchant had been under activist pressure to appoint an outsider to the top spot.

via https://newsapi.org online business online marketing online business opportunities Rich Duprey

After nearly seven months, (NASDAQ:EBAY) finally has a new , spiriting away ‘s (NYSE:WMT) Jamie Iannone to serve in the top spot. He begins the new job on April 27.

The online marketplace split with former CEO last September over disagreements between the executive and the board on the direction the company was heading. It has been led on an interim basis by eBay’s former CFO .

via https://newsapi.org online business online marketing online business opportunities Hand placing red block on pyramid of blocks, each marked with the image of a person in a business suit, to represent a change in corporate hierarchy.

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Via https://newsapi.org online business online marketing online business opportunities The once and future executive

Last month, activist investor Starboard Value began applying pressure for eBay to appoint someone from outside the company. The tech giant had previously said it would consider candidates from both inside and outside the business, and in Iannone, they found someone with feet in both camps.

Iannone previously served in various leadership capacities at eBay from 2001 to 2009 before joining Walmart’s Sam’s Club division. He served as CEO of SamsClub.com and executive before being elevated to of Walmart eCommerce.

Pointing to eBay’s consumer-to-consumer platform, Iannone said he believes “the company has tremendous opportunities to capitalize on this foundation, innovate for the future and grow its ecosystem. I will focus on continuing to evolve the company’s strategy while delivering on eBay’s commitment to maximize long-term shareholder value.”

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Last week eBay completed the divestiture of its StubHub business for $4 billion.


Rich Duprey has no position in any of the stocks mentioned. The Motley Fool recommends eBay and recommends the following options: long January 2021 $18 calls on eBay and short January 2021 $37 calls on eBay. The Motley Fool has a disclosure policy.”>

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