|Tue Sept 21 2010 17:24:37|
eBay Loses Key Exec: Marketplace Prez Lorrie Norrington
By: Ina Steiner
Lorrie Norrington, President of eBay Marketplaces, will be leaving the company for personal family reasons, eBay announced. While the company conducts an external search for her successor, the global Marketplaces management team will report to eBay President and CEO John Donahoe.
Norrington led eBay Marketplaces since July 2008 and had been with the company since 2005 after joining Shopping.com. Her colleague Stephanie Tilenius, former SVP & GM of eBay North America and Global Product, left eBay in late 2009 and joined Google as its Vice President of Commerce in February. In fact, not many of the upper-tier management that former CEO Meg Whitman brought on remain at eBay.
In a press release, John Donahoe stated, "Lorrie has led eBay Marketplaces through significant fundamental change as we drive a multiyear turnaround strategy to enhance the shopping experience for buyers and sellers and evolve eBay as a global ecommerce and mobile commerce leader. For personal family reasons, Lorrie made a decision to do what's best for eBay and for her family, and I respect that. I wish her the very best and thank her for many contributions to our company and our nearly 92 million active eBay users."
The company used the announcement to outline its strategic priorities, stating it was positioning the Marketplaces business as a "continued global leader in ecommerce and mobile commerce, with competitive strength as the largest online marketplace for "off-price" new and pre-owned merchandise."
In addition to announcing Norrington's departure, eBay said it expects its third quarter 2010 results to be near the high end of the guidance provided on July 21. The company expects to report third quarter 2010 results on October 20.