eBay CEO John Donahoe wrote another essay on LinkedIn, this one about his future plans. In, “The Road Not Taken: Ready to Forge a New Path,” Donahoe said he actually doesn’t know what he’s going to do next after the pending eBay-PayPal breakup next year.
As was well reported, Donahoe will oversee the breakup of the two companies and may stay on as a board member at one or both of the new entities, but Devin Wenig will take over as the CEO of eBay Inc., while Dan Schulman will become CEO of PayPal.
He called his 10 years at eBay an extraordinarily fulfilling experience where he learned and has grown tremendously. “I remain deeply committed to eBay’s success and will dedicate every ounce of my energy over the next year to setting each new company up for success,” he said.
However, it is time for him to embark on the next phase in his life’s journey. “I believe strongly that valuable personal growth occurs by consciously putting yourself in new settings and on new paths. Everyone needs to periodically find a way to re-pot and refresh.”
Naturally people are interested in what his departure will mean for eBay as well. The Wall Street Journal published an interview with Donahoe’s successor, Devin Wenig, the same day. Wenig promised significant changes for eBay next year, but declined to elaborate.