eBay, Inc. Hires a New Chief Executive Officer

(San Jose, CA) Ebay.com is free to use for users or consumers.  However, sellers on this online auction platform, have to pay a fee.  The fees are calculated after a free amount of listed items is reached, and, after the individual item is sold.  Today; it combines the original auction style way of selling, with, the instant “buy it now” option.  Fascinatingly, the previously said is considered to be, evolutionary progress.  eBay, Inc. has also progressed, in a step by step manner, with Ebay.com.  In fact, eBay’s evolutionary progress is best characterized by its completely owned subsidiaries.  Currently; Auction Co., Kijiji, iBazar, Gittigidiyor, Gumtree, G-Market, Stub Hub, Half.com, Marktplaats.nl and Qoo10.jp are eBay’s subsidiaries.  Recently, eBay, Inc. announced that, the evolutionary work continues.  Specifically, the aforementioned business revealed that, it has hired a new chief executive officer.  eBay’s new Chief Executive Officer is a man named, Jamie Iannone.  Mr. Iannone was officially selected and hired unanimously by, eBay’s Board of Directors.
            The decision to hire Jamie Iannone, which was made by eBay’s Board of Directors, also results in the following.  It results in, Scott Schenkel’s termination of employment.  The aforementioned person, has been the interim C.E.O. for the last six months.  Mr. Iannone is expected to start working at eBay, Inc. on April 27th, 2020.  On this day, Mr. Schenkel’s role changes, to an advisory role.  For a short amount of time, Mr. Schenkel will assist Mr. Iannone during his transition in.  As a side note, interim Chief Financial Officer Andy Cring, will remain being interim.  However and returning to, eBay’s subsidiaries, the aforementioned are best exemplified by three internet businesses.  These three subsidiaries are Auction Co., Stub Hub and Kijiji.  Auction Co., is a South Korean online auction business.  Interestingly, eBay, Inc. acquired this business on January 8, 2001.  Stub Hub, is a U.S.A. based ticket exchange and re-sale website.  The latter, is geared towards both buyers and sellers.  Additionally; it is also geared towards event tickets for sports, music concerts, theater performances and other types of live entertainment events.  In the year 2015, Stub Hub reported more than 16 million unique visitors, to the website.  Finally, Kijiji is a Swahili word.  As an eBay, Inc. subsidiary it is; an online classified advertisement service in the Country of Canada, and, Italy.  Kijiji is set apart by the fact that, it is a centralized network of online communities.  These online communities, and in turn, are organized in the following way.  City and urban regions, is how Kijiji’s online communities are organized.  The purpose is posting local advertisements.
            Returning to, Jamie Iannone, the aforementioned man is now eBay’s C.E.O.  Technically speaking, Jamie Iannone begins working at eBay, Inc., on April 27th, 2020.  Before his appointment was made official, Jamie Iannone, was the Chief Operating Officer of Walmart eCommerce.  Whilst at Walmart eCommerce, Mr. Iannone is credited with having a proven track record.  This track record consists of driving a superior sales performance, and, a good consumer facing experience.  Mr. Iannone’s second most recent job title position was Chief Executive Officer of Samsclub.com.  The previously mentioned business, is Sam’s Club e-commerce business unit.  Fascinatingly, it is estimated that, it has a value of $57 billion USD.  Whilst performing this job title position’s duties and responsibilities; Jamie Iannone, oversaw Samsclub.com’s digital transformation, development of initiatives, execution of the membership initiatives, the marketing efforts, the technological aspects, the product and overall day to day operations.  Fascinatingly, and prior to working at Samsclub.com, Mr. Iannone worked at eBay.  His tenure at eBay was from the year 2001, all the way to, 2009.  During his tenure, he was a vice president.  Overall, Jamie Iannone begins work with more than 20 years of work experience, leading digital and omnichannel platforms. 
            Jamie Iannone did release a press statement.  Through a press statement, Mr. Iannone said the following.  “I am honored to rejoin eBay as its next Chief Executive Officer.  In my previous experience with the Company, I developed a deep appreciation for what makes eBay so special.  eBay’s success has always been rooted in its robust C2C platform.  I believe the Company has tremendous opportunities to capitalize on this foundation, innovate for the future and grow its ecosystem.”  Jamie Iannone also said.  “I look forward to working with our global teams to enhance buyer experiences and provide more capabilities that will help small businesses sustain and grow.  I will focus on continuing to evolve the Company’s strategy while delivering on eBay’s commitment to maximize long-term shareholder value.”
            To end, eBay, Inc. (NASDAQ:  EBAY) did release a press statement.  Thomas Tierney is the Chairman of eBay’s Board of Directors.  Through a press statement, Mr. Tierney said the following.  “We are deeply appreciative to Scott Schenkel for his leadership, not only over the past six months as interim CEO, but also during his 13-year tenure at eBay.  In addition to leading bold actions in response to the COVID-19 pandemic, with Scott as interim CEO, eBay has re-prioritized its product roadmap, scaled growth initiatives, significantly improved margins and positioned the Company for enhanced shareholder returns.  On behalf of the Board and the entire eBay family, we extend our sincerest gratitude to Scott for a job exceptionally well done.”  Thomas Tierney also said.  “The Board believes Jamie is the ideal CEO to lead eBay’s next chapter of growth and success.  We have all been impressed by his strong track record of innovation, execution, operational excellence, and developing teams that drive results.  Jamie has consistently delivered high growth during rapid periods of industry disruption, consumer change and technological advancement.  He is a world-class leader, and we are excited to welcome him back to eBay.”  As previously stated, eBay, Inc. recently announced that, the evolutionary work continues.  Specifically, the aforementioned business revealed that, it has hired a new chief executive officer.  eBay’s new Chief Executive Officer is a man named, Jamie Iannone.  Lastly, Mr. Iannone was officially selected and hired unanimously by, eBay’s Board of Directors.

Written from Press Release
Registered Writer with
PR Newswire Association, LLC

Jamie Iannone

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