eBay builds leadership team
eBay has appointed three new executives to join CEO designate, Devin Wenig’s, leadership team as the company prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015.
Joining eBay are former Home Depot executive Harry Lawton, who will head eBay North America; former Agilent Technologies executive Marie Oh Huber, who will become eBay’s general counsel; and former NYSE executive Scott Cutler, who will lead StubHub.
This comes following reports late last year the e-commerce giant could be slashing thousands of jobs following the eBay, PayPal separation.
Some 3000 jobs – about 10 per cent of the total workforce – were expected to be affected in the marketplace division, which includes eBay.com and StubHub.
Following the separation, eBay will turnover around $9 billion in annual revenues. The company’s commerce platform has 155 million active buyers and 25 million sellers, who offer more than 800 million listings. Approximately 80 per cent of sold items are new.
eBay has an installed mobile base of 305 million apps, generating $28 billion in mobile commerce volume. Cross border commerce represents 20 per cent of eBay’s gross merchandise volume, and 61 per cent of eBay Marketplaces revenue is international.
Wenig said he is pleased to welcome the new additions to the eBay leadership team.
“Hal is a global commerce expert, Marie is a top public company general counsel, and Scott is an expert in financial services and technology solutions. As we prepare to launch the new eBay, they add strong breadth and depth to my leadership team.”