Ebay boss Devin Wenig has left his chief post. Transitional takes over CFO Scott Schenkel. This was announced by the online trading platform in San Jose. The Board will now start looking for internal and external candidates for a permanent replacement.
Little had taken over the post in 2015, after Ebay had split off the pay subsidiary Paypal. The loss of this growth driver and the intensified competition in online trading, where rivals like Amazon or Alibaba were getting stronger, bothered Ebay. In the spring, the company agreed to investigate the spin-off of some business areas under pressure from investors.
In the most recent quarter, net income from continuing operations declined 37 percent year-on-year to $ 403 million, mainly due to special items. Revenue climbed 2 percent to $ 2.7 billion. For investors, the news of Wenig's departure was initially not very well - Ebay's shares reacted with significant price losses.
