EBay to appoint Walmart’s executive Jamie Lannone as CEO

Online retailer Ebay has named Walmart Chief operating officer Jamie Lannone for U.S. E-commerce as its CEO.

Jamie Lannone had promoted by Walmart to overseeing the retailer’s online business.

The appointment comes a month after Starboard said it plans to install four directors on eBay’s 14-member board.

It also wanted the company to appoint an outsider as its permanent CEO.

Scott Schenkel has been serving as interim CEO since Devin Wenig resigned from his post in September.

Jamie Lannone previously held leadership roles at eBay from 2001-2009.

He will resume working on the designation of CEO on April 27.

“Today’s announcement of Jamie as the new CEO of eBay is a huge positive for the company,” said Jesse Cohn, an Elliott partner and eBay board member.

“Over the past year, eBay has realized full value for Stubhub and is in the process of exploring value-maximizing options for its Classifieds division.”

EBay also plans to release an update on the classifieds business by the middle of 2020.