eBay announced Jamie Iannone as the new CEO of the company. Jamie most recently served as the Chief Operating Officer for the US e-commerce giant, Walmart. Jamie holds a wide array of experience as the eCommerce specialist and has led the growth of Sam’s club’s online sales and membership.
As per a news release by eBay, Jamie will take the role of the top executive at eBay on April 27 this year.
Jamie Iannone is the new CEO of eBay
Jamie has played a pivotal role in augmenting Walmart’s digital presence and became one of the most influential executives at Walmart. He is lauded for his leadership and strategies in Sam’s Club online growth. Sam’s club is Walmart membership-based sister company. This February, Jamie was given the role of promoting and handling Walmart’s online business in the United States.
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Succeeds Devin Wenig
Iannone succeeds Devin Wenig, the ex-CEO of eBay, who stepped down from eBay in September last year, stating pressure from two investors. The story of Devin Wenig was much hyped in markets due to his differences with the board.
The Chairman of eBay welcomed Jamie and said,
” 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 also said that Jammie is the ideal CEO to Lead eBay in its next chapter of growth and success.
Jamie talked about the return to eBay
Iannone said in a press release,
“I will focus on continuing to evolve the company’s strategy while delivering on eBay’s commitment to maximizing long-term shareholder value.”
eBay is facing turbulent times
eBay has been experiencing slow business in the past few years, and has already sold some of its businesses this year. The various investors have been forcing the company to transform its strategies and think about returning the capital to its stakeholders.