Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Wed Sept 25 2019 09:52:50

eBay CEO Devin Wenig Is Out

By: Ina Steiner

Sponsored Link

eBay CEO Devin Wenig is out, the company said in a surprise announcement on Wednesday. According to the Chairman of the Board Thomas Tierney, "given a number of considerations, both Devin and the Board believe that a new CEO is best for the Company at this time."

Wenig has also stepped down from the board of directors.

The board appointed eBay Chief Financial Officer Scott Schenkel interim Chief Executive Officer, and the board will undertake a search to for the next CEO, "and will consider internal and external candidates."

The press release announcing the management shakeup said this with regard to Wenig's departure:

"Mr. Tierney added, "Devin has been a tireless advocate for driving improvement in the business, particularly in leading the Company forward after the PayPal spinoff. Indeed, eBay is stronger today than it was four years ago. Notwithstanding this progress, given a number of considerations, both Devin and the Board believe that a new CEO is best for the Company at this time.""



Comments (132) | Leave Comment | Permalink

Readers Comments

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

This user has validated their user name. by: toolguy

Wed Sep 25 10:00:54 2019

And here comes #4

I'm 100% positive you will all hate this person as much as the previous ones!

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: pace306 This user has validated their user name.

Wed Sep 25 10:01:45 2019

April Fools or GOD hath smiled this day ?

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: ElectronixRecyclers This user has validated their user name.

Wed Sep 25 10:03:46 2019

These comments should be a riot.  Can't wait to see what's going down at the eBay forums, too.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

This user has validated their user name. by: unsuckEBAY
Web Site

Wed Sep 25 10:08:50 2019

*POPS CHAMPAGNE*

"HEY ERRYBODY!! DRINKS ON ME AT WALKERS!"

Today eBay just got a little bit unsucked!

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: pace306 This user has validated their user name.

Wed Sep 25 10:12:20 2019

Couldnt have happened to a nicer guy.

*** NOTE TO WHOM EVER IS THINKING OF HIRING HIM ***

Doing so will make millions of eBay sellers NO LONGER use your company - dont hire Devin Wenig!

Finally someone saw that the KING aka The NORSEMAN didnt have any clothes on ..... only took 5 years.

Now when is GRIFF going to get the heave ho ? Maybe Brain Burke could be next!?

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: pace306 This user has validated their user name.

Wed Sep 25 10:14:06 2019

"I'm 100% positive you will all hate this person as much as the previous ones!"

Tool - we will love anyone who builds instead of tares down, we we love anyone who is fair, honest and good. We will embrace anyone who doesnt think sellers are the excrement left on the side walk.

We WILL hate people who continue the Devils work.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: Rudynonymous This user has validated their user name.

Wed Sep 25 10:22:57 2019

I hope against hope that this is because of the GTC mandate.
Don't know about anybody else, but that one chance has been such an f'in headache for me.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: Tinysaur This user has validated their user name.
Web Site

Wed Sep 25 10:25:37 2019

Etsy's playbook was stolen from Ebay. Hopefully Silverman will be out soon too. I'm so tired of receiving Etsy ''Free Shipping'' marketing emails. Silverman is replicating Wenig's mistakes of putting Ebay on the low-cost curve to the bottom that has obviously bottomed out. Wonder what kind of enticements Ebay will offer to get sellers back, or to find new dreamers with deep pockets.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: lancecorp This user has validated their user name.

Wed Sep 25 10:26:03 2019

tool - you haven't been exactly hopping for joy lately - shall I look up some of your latest posts?

It had to be bad that they would oust him right before the start of Q4. Many of us haven't had a sale for days - our numbers are down 65%.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: epuise This user has validated their user name.

Wed Sep 25 10:26:35 2019

Drumpf & Devil in same week ! Oh boy, oh, boy !

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: unhappyebayguy This user has validated their user name.

Wed Sep 25 10:27:10 2019

Bring back Meg Whitman!!!

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: epuise This user has validated their user name.

Wed Sep 25 10:27:12 2019

Most of us loved Hal Lawton.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: Not A FOOL This user has validated their user name.

Wed Sep 25 10:28:57 2019

I won't miss him at all. Fact is, I transitioned away from eBay in June of 2018 tired of jumping through the hoops and dealing with the absurd algorithms CSRs consistently blamed all the mistakes on. Seller protection my butt. eBay's been dying a slow death and despite the "we're doing better" stories posted, it's clear the profits have gone down. They keep taking more and more and provide less and less to Sellers.  

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: xfilefan This user has validated their user name.

Wed Sep 25 10:32:11 2019

Caution, people.  While I'm CERTAINLY glad he is gone, remember, the EBAY CORPORATE SYSTEM is the one who hired him.  If the selection process is the same for the next CEO, the results could be (shiver!)...the same or worse.  Let's hope SOMEBODY is thinking differently about the future of eBay.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: GotToGetOut This user has validated their user name.

Wed Sep 25 10:35:15 2019

Meg Whitman was a nice person.  I remember one Ebay Live I went to when Ebay had just made the change to have neutral feedback counted as negative in the totals.  We all went crazy when she spoke and she was just about in tears.  It was one of the only changes Ebay ever reversed!!  Most likely because it didn't really affect that much monetarily other than some people no longer qualifying for top rated which, at that time I think was 20%.  

Hopefully the new guy is a little more customer oriented -- the sellers -- not the buyers who are not their first line customers.   Without us sellers there would be nothing to buy.  

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: Chicago48 This user has validated their user name.

Wed Sep 25 10:37:00 2019

Once Elliot Mgt stepped in, who didn't see this coming?  And also, there have been some highly critical processes and policies that sellers have been very critical about.  The youtube influencers have criticized the promoted listings and sellers are opting out of the promoted listings.  All the investors and Board of Directors have to do is go into the forums across the internet and on Youtube to see how unhappy sellers are......and buyers.
The site is so convoluted designed, it takes almost half a day just to list stuff.  Whereas that's not the case with AMZ, Posh, Mercari, and so many other sites.  You spend half your days listing and relisting and watching you account like a hawk to be sure there are no extra fees.  It's beyond ridiculous....I haven't been on Ebay since May 2018....good riddance.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: industrystones This user has validated their user name.

Wed Sep 25 10:38:26 2019

HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: a_c_green This user has validated their user name.

Wed Sep 25 10:39:36 2019

His main goal was probably to collect the golden parachute that he negotiated back on Day 1. The trick was to make it look like his eventual exit was not his idea.

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: TrickyMick This user has validated their user name.

Wed Sep 25 10:41:37 2019

Just closed my store on Sept 1st.

I am available for the CEO position... full time.... only if I can renovate the bar on site to one that is similar to my hometown bar.

I promise to provide positive acceleration of AI seller hub listing format/search algorithms into the trash folder resulting in a beneficial turbocharged user experience.

Compensation TBD

Perminate Link for eBay CEO Devin Wenig Is Out   eBay CEO Devin Wenig Is Out

by: Adventurous Wanderers This user has validated their user name.

Wed Sep 25 10:43:56 2019

I hope the Board brings in an experienced eCommerce CEO. Someone who will clean house and build a great management team.

Lots of damage to repair at eBay.

Sooooooo happy!!!

Click to view more comments
1 2 3 4 5 6 7  [Next Page]


Login is required to post comments.
To sign in to leave a comment using your AB Verify User Name, fill in the form below. If you have not yet signed up for AB Verify, or if you'd like more information, go to the Registration Page
.

Login for AB Verify
Be sure and use your email address and password to log in.

 
Email:
Password:
 
 Forgot Your Password?
 Even though you are signed in with the AuctionBytes Blog, you will have to sign in to the EcommerceBytes blog. But you can sign in with your existing AB Verify info.