(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
R-Berumen28
04/17/2020
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| Jamie Iannone |
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