eBay Logo on Building

eBay CEO Devin Wenig has stepped down on Wednesday citing differences with eBay’s recently revamped board in the latest fallout from the Elliott Management saga.

“In the past few weeks it became clear that I was not on the same page as my new board. Whenever that happens, it’s best for everyone to turn that page over.”

Devin Wenig in Tweet

Wenig will be replaced in the interim by Scott Schenkel, most recently eBay’s Senior Vice President, Chief Financial Officer while the board seeks a new CEO.

The Company also announced that Andy Cring, eBay’s Vice President, Global Financial Planning and Analysis, has been appointed to serve as interim Chief Financial Officer.

We will have are more in-depth story later today on Wenig’s departure from eBay and what it may mean for the marketplace.

What do you think about Devin Wenig stepping down as eBay’s CEO?

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