Ebay names Walmart vet chief executive effective April 27 - MarketWatch

Ebay Inc. EBAY, +2.48% said Monday that it has named Jamie Iannone chief executive, effective April 27. He will also join the board. Iannone was most recently chief operating officer for Walmart Inc.'s WMT, +2.13% e-commerce business, and had served as CEO of SamsClub.com, the e-commerce arm of Walmart's warehouse retailer. Between 2001 and 2009, Iannone also held senior leadership positions at eBay. Chief Financial Officer Scott Schenkel will continue to serve as CEO on an interim basis and help with the transition. Ebay announced that its previous CEO Devin Wenig stepped down in September 2019. Ebay stock gained 1.7% in Monday premarket trading, and is down 6.5% over the last year. The S&P 500 index SPX, -0.91% has fallen 4% in the last 12 months.

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