Struggling on-line retail large eBay named a brand new prime govt on Monday, bringing within the former head of e-commerce at Walmart, Jamie Iannone.
Iannone will take over April 27 from interim CEO Scott Schenkel, who took over after Devin Wenig stepped down final 12 months.
Most not too long ago Iannone was chief working officer of Walmart eCommerce and has some 20 years of expertise in retail and digital operations, in accordance with an eBay assertion.
Iannone labored beforehand at eBay for eight years and likewise was an govt at bookseller Barnes & Noble.
“The board believes Jamie is the best CEO to guide eBay’s subsequent chapter of development and success,” stated eBay chairman Thomas Tierney.
“Jamie has constantly delivered excessive development throughout speedy durations of trade disruption, shopper change and technological development.”
California-based eBay is among the success tales of the early web period — notably for its on-line auctions — however lately it didn’t hold tempo with rival Amazon as the 2 compete as e-commerce platforms.
It has been learning asset gross sales and its most up-to-date quarter noticed a 29 p.c drop in web revenue.
Final 12 months, eBay agreed to promote its ticket market StubHub to Swiss-based rival Viagogo for $4.05 billion (roughly Rs. 30,900 crore) in money.