Advertisement

EBay to appoint Walmart’s executive Jamie Lannone as CEO

Ebay new CEO
Advertisement

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.

Advertisement

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.

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
TECNO introduces latest Spark 40 in Pakistan
Partial solar eclipse to grace skies on September 21, 2025 — Here's How to Watch Safely
Grit to Gigabytes, from Great to Beta Generation
FDA clears Apple watch to detect hypertension, a first for wearables
Nano Banana craze: Google’s Gemini AI figurines makes buzz on social media
Global Google maps outage disrupts mobile navigation
Next Article
Exit mobile version