|Mon June 21 2010 17:40:37|
Update: Michael Jones Leaves ChannelAdvisor, Headed for eBay
By: Ina Steiner
ChannelAdvisor has confirmed that Chief Revenue Officer Michael Jones has left the company, and rumor has it he'll end up at eBay working on its Large Merchant Services program that works to move product catalogs from large retailers and manufacturers on to the site. Michael (also known as MJ) has worked for several companies for Scot Wingo and Aris Buinevicius, beginning with StingRay in 1998 and AuctionRover in 1999. (See update below.)
ChannelAdvisor President and CEO Scot Wingo issued the following statement:
"After a great 10-year run with ChannelAdvisor, MJ is leaving to pursue other interests as of June 30th. MJ has always been an asset to the ChannelAdvisor family; and while we're sad to see him go we support his decision and wish him all the best in his future endeavors. MJ will certainly be missed, though in many ways he leaves ChannelAdvisor a well-oiled machine, so we'll continue business as usual as we look to fill his position."
Michael was Chief Revenue Officer responsible for worldwide sales, account management, inside sales, marketing and business development. A former ChannelAdvisor employee blogged about the departure, writing that, "after consistently failing to reach revenue targets, rumor has it that the split was not a case of greener pastures but of a nudging-out-the-door-nature. What this will mean for CA is unknown."
eBay has a stake in ChannelAdvisor (supposedly between 15 - 25%), which competes with Mercent to manage larger retailers and manufacturers' catalog feeds on marketplaces and comparison engine shopping sites, and competes with eBay inventory-management service providers.
Scot's statement gives credence to rumors that the departure was abrupt, given that ChannelAdvisor has not hired a replacement and that Scot did not announce where Michael would be headed to next. I'll update this post when I learn more.
Update - More information from ChannelAdvisor and confirmation from eBay:
eBay confirms that Michael Jones will be joining the company as Vice President of North American Business Development for eBay Marketplaces. A ChannelAdvisor spokesperson said he has not yet left the company; he's actively working in the office until June 30th, and, she said:
"Your source indicated that MJ was "consistently failing to reach revenue targets," yet we've reported record growth for ChannelAdvisor and its customers in our past three quarters: link, link, link.
"In the interest of full disclosure, I think you owe it to your readers to let them know that that blog post was written by a former ChannelAdvisor employee who now works for a competitor, Mercent."