Meg Whitman will step down as president and CEO of eBay on 31 March, although she will remain on the board of directors.
Whitman joined eBay in March 1998, when eBay was a US-only, auction-based trading site with 500 000 registered users, 30 employees and $4,7-million in revenue. Today, the company has hundreds of millions of users worldwide, more than 15 000 employees and nearly $7,7-billion in revenue.
John Donahoe has been elected to become the company's new president and CEO.
Donahoe joined eBay in February 2005 from Bain & Company, where he had served as worldwide managing director since 1999. For nearly three years, Donahoe has been President of eBay Marketplaces, which accounts for more than 70% of the company’s global revenues. In this role, Donahoe has been responsible for the growth of eBay and its other ecommerce businesses around the world, and during the time he has managed this business unit, both revenues and profits doubled.
In addition, Rajiv Dutta, currently the president of PayPal, has been named executive vice-president of eBay and will also replace Donahoe as president of eBay Marketplaces.