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eBay Appoints New CEO

Jamie Iannone CEO ebay

eBay Inc. (NASDAQ: EBAY) today announced that the Company's Board of Directors has appointed Jamie Iannone as Chief Executive Officer, effective April 27, 2020.  He has also been elected to the Company’s Board of Directors. Most recently Mr. Iannone was Chief Operating Officer of Walmart eCommerce.

Mr. Iannone has over 20 years of experience leading digital pure-play and omnichannel platforms for some of the world’s premier consumer-facing companies. Before being promoted to COO of Walmart eCommerce, he served as CEO of SamsClub.com, the eCommerce unit for the $57 billion Sam’s Club. In this role, he was responsible for the unit’s digital transformation, including developing and executing initiatives in membership, marketing, technology, product and operations. Mr. Iannone previously worked at eBay as a Vice President and other leadership roles from 2001 to 2009. 

“The Board believes Jamie is the ideal CEO to lead eBay’s next chapter of growth and success,” said Thomas Tierney, Chairman of eBay Inc.’s Board. “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.”

“I am honored to rejoin eBay as its next Chief Executive Officer,” said Mr. Iannone. “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. 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.”

Mr. Tierney added, “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.”

Mr. Schenkel will continue as interim CEO until Mr. Iannone joins the Company on April 27, 2020 and will thereafter work with Mr. Iannone to ensure a smooth transition of leadership. Andy Cring will continue to serve as interim CFO. 

Mr. Iannone’s appointment marks the end of a comprehensive search process led by a dedicated committee of eBay’s Board of Directors and supported by outside executive search and leadership advisory firm Spencer Stuart. The Search Committee, comprised of Fred Anderson, Katie Mitic, Matt Murphy, Paul Pressler and Tom Tierney, led an extensive evaluation of external and internal candidates for the role. The full eBay Board unanimously supported Mr. Iannone’s selection as CEO.

About Jamie Iannone 

Mr. Iannone most recently served as Chief Operating Officer of Walmart eCommerce. His team focused on operational oversight of eCommerce as Walmart moves to a truly omnichannel organization. He also had responsibility for Store No. 8, Walmart’s incubation hub.

Mr. Iannone joined Sam’s Club in 2014 and was CEO of SamsClub.com and Executive Vice President of membership and technology. In that role, Mr. Iannone grew both the SamsClub.com business and Sam’s Club’s membership base, which ended FY20 with record-high eCommerce growth and Plus renewal counts. His teams also released industry-leading technologies including Scan & Go, Ask Sam’s, Sam’s Club Now and Club Pickup.

Before joining Walmart Inc., Mr. Iannone was Executive Vice President of Digital Products at Barnes & Noble, Inc., where he was responsible for all NOOK devices, software, accessories, retail integration and experiences, books and digital content, as well as third-party partnerships. He also spent nearly eight years at eBay as a Vice President and in other roles leading several areas of the Company, including its global search, buyer experience and tailored shopping experience divisions. Before that, Mr. Iannone worked at Epinions.com and Booz Allen Hamilton. 

Mr. Iannone previously served on the Board of Directors of The Children’s Place. He earned a Bachelor of Science in operations research, engineering and management systems from Princeton University and a Master of Business Administration from the Stanford Graduate School of Business.

Source : eBay, Inc.

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16 April 2020

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