- Devin Wenig, president of eBay Marketplaces, to become CEO of new eBay company following separation
- American Express executive Dan Schulman joins PayPal immediately as President and CEO designee for PayPal post-separation
- eBay Inc. President and CEO John Donahoe and CFO Bob Swan to oversee separation and serve on boards of new independent companies
- Maximizes strategic focus and flexibility for eBay and PayPal to capitalize on respective growth opportunities in highly competitive, rapidly changing global commerce and payments markets
- Preserves eBay and PayPal relationships through arm’s length operating agreements
- Provides shareholders with more targeted investment opportunities; best path to sustainable shareholder value
eBay Inc. @ebayinc 3h hours ago
eBay Inc. to separate eBay and Pay into independent companies in 2H 2015 http://bit.ly/1yxIF5i
Dan Schulman @Dan_Schulman 3h hours ago
Honored to lead the legendary @PayPal during this exciting time! Can't wait to get started. http://bit.ly/1vtpBjU
