Deals
EBay CEO Devin Wenig Steps Down in Ongoing Operating Review
- Online marketplace appoints CFO Scott Schenkel as interim CEO
- EBay has been under pressure from activist Paul Singer
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EBay Inc. Chief Executive Officer Devin Wenig is stepping down amid pressure from activist investors to break the company apart.
Scott Schenkel, EBay’s chief financial officer, was appointed as interim CEO, the company announced Wednesday. EBay said it will seek a permanent CEO and consider internal and external candidates. Shares fell less than 1% to $39.28 at 3:27 p.m. in New York.