The board of directors at eBay has appointed former CFO Scott Schenkel as interim CEO to replace Devin Wenig. The company is now searching for a permanent successor and is considering both internal and external candidates.
Wenig had quit from his position because he had realised he was no longer on the same wavelength as the new Board.
Schenkel joined eBay in 2007 and was Chief Financial Officer since 2015. He had previously held various financial positions at General Electric, where he worked for almost 17 years. "During his 12 years at eBay, Scott has demonstrated that he is a strong and dynamic leader", chairman Thomas Tierney said in a press release. "He has worked closely with our teams across the Company to execute our strategy. We are confident that Scott’s experience at eBay positions him well to lead the Company during this time."
Schenkel's responsibilities as CFO are being taken over temporarily by Vice President Financial Planning Andy Cring. The new interim CFO has been working for the online marketplace since 2013, after previous jobs at Yahoo! and General Electric, among others.