Software firm Splunk created a new seat on its Board of Directors for former eBay executive Mark Carges. He recently resigned his post as Chief Technology Officer at eBay to focus on an unspecified family matter. Carges accepted the seat on Splunk’s board two days before eBay made news of his resignation public.
In a press release announcing the board appointment yesterday, Carges said, “I am thrilled to be joining Splunk’s board at this point in the company’s history. I believe that Splunk’s opportunity to help organizations achieve deep and meaningful operational intelligence is still in its early days. I look forward to contributing to Splunk’s continued success.”
In eBay’s announcement of Carges departure on Thursday, the company praised him for overhauling search, steering upgrades to the eBay Enterprise technology portfolio, and accelerating innovation through a number of strategic acquisitions. But Carges’ last year at eBay included a spectacular technology failure after a cyber attack resulted in a breach of sensitive customer data.
Carges, who earned $4.35 million in total compensation at eBay in 2013, will receive $40,000 per year in cash compensation from Splunk for his board duties. It also granted Carges $450,000 in restricted stock awards with vesting schedules.
Carges also serves on the boards of directors of Rally Software and Magnet Systems.
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