eBay management has a formidable task as the corporation prepares to split into two separate companies. Imagine the head of every corporate-level department trying to decide where they and each of their employees should go – eBay or PayPal. (This after having had to decide whom to let go as the company laid off 7% of its workforce – 2,400 employees – earlier this year.)
From legal to human resources, finance, government relations, communications – eBay and PayPal must each have its own staff to carry on corporate-level tasks.
This week, eBay disclosed a reorganization of its Investor Relations department in preparation of the pending separation with PayPal.
eBay Chief Financial Officer Bob Swan, who is receiving a retention bonus of about $12 million to stay on until the separation is completed, disclosed that Thomas Hudson and Tracey Ford have finished creating two Investor Relations teams and will both be going to PayPal upon separation. Hudson, who has been at eBay for 3 years, will become Vice President of Investor Relations for PayPal. Ford, who has been at eBay for 12 years, will become PayPal’s Sr. Director of Investor Relations.
Swan also disclosed that Selim Freiha has rejoined eBay and will be the Vice President of Investor Relations for stand-alone eBay post separation. Freiha had previously been with eBay for 11 years, and his team will include Tina Todasco and Lauren St. Clair.
Peter Wade, Director of Investor Relations at eBay, will be leaving the company and relocating to the UK after the separation.