Scott Schenkel became eBay’s interim CEO today as news broke that Devin Wenig quit as eBay CEO and resigned from the eBay board of directors.
“During his 12 years at eBay, Scott has demonstrated that he is a strong and dynamic leader who knows our business inside and out. 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.”
– Thomas Tierney, Chairman of the Board, eBay
Previously Scott Schenkel was Chief Financial Officer for four years and oversaw all aspects of eBay’s finance, analytics, and information technology functions – including controllership, financial planning and analysis, tax, treasury, audit, mergers and acquisitions, and investor relations. Before becoming CFO of eBay, Scott had been Senior Vice President and CFO of eBay Marketplaces for over six years. Scott joined eBay in March 2007 as Vice President FP&A, and was appointed the following year to lead the finance function across the Marketplaces business.
This means that Scott will be intimately involved with the ongoing operating review at eBay and eBay’s strategic review of their asset portfolio which could see the spin off or sale of StubHub and eBay Classifieds Group. Goldman Sachs are assisting with the review and any potential sale that could arise with more news due this Autumn.
Before joining eBay, Scott spent over 16 years in finance with General Electric where he started his career on GE’s Financial Management Program.
“My favorite eBay experience was selling a used kid’s mountain bike to a local buyer. As I pulled the bike out of my car in the Starbucks parking lot, the two kids there with their mother to buy it went crazy… clearly, it made their day with something that now had a second life instead of just gathering dust in my garage.”
– Scott Schenkel, interim CEO, eBay
