eBay added a new member to its Board of Directors on September 18, 2024, bringing the total number of directors to eleven. Bill Nash is CEO of CarMax, “the largest retailer of used cars in the U.S., which includes its CarMax Auto Finance (CAF) subsidiary.”
eBay said Nash brings significant expertise in retail, ecommerce and technology development to the position.
Nash said in eBay’s announcement: “I am thrilled to join eBay’s Board of Directors. I believe eBay is uniquely positioned to reinvent the future of e-commerce for enthusiasts and is on a clear path to deliver increased value for shareholders. I’m eager to bring my experience of delivering exceptional, iconic experiences for customers while accelerating company growth, and I look forward to partnering with the Board to oversee and advance the efforts already underway.”
eBay Board Chairperson Paul Pressler said Nash’s experience and expertise at CarMax would help eBay further its strategy and aid in its focus on sustainable, long-term growth.
eBay may have looked at Nash’s experience in the automotive retail industry as an advantage – eBay Parts & Accessories is a “focus” category for eBay. In taking over for Devin Wenig as permanent CEO of eBay, Jamie Iannone said his predecessor’s approach wasn’t working and launched a new strategy to attract “enthusiast” and “high value buyers.”
eBay turned over its Board of Directors since the fallout of its criminal conduct in 2019. eBay founder Pierre Omidyar stepped down from the Board in 2020, and with the departure of Bob Swan in 2023, only Paul Pressler, Perry Traquina, Adrianne Brown, and Logan Green have sat on the board prior to 2020.
eBay provided the following biographical information about its new board member in its announcement
“Bill Nash is president and chief executive officer of CarMax, the largest retailer of used cars in the U.S., which includes its CarMax Auto Finance (CAF) subsidiary. He oversees all aspects of the business including strategy, finance, operations, technology, marketing, and human resources. Under his leadership, CarMax has undergone the largest transformation in its history by investing significantly in technology and digital initiatives to become an omnichannel retailer. Nash was promoted to the President and CEO role in 2016 after serving as Executive Vice President of Human Resources and Administrative Services. He was also elected to serve as a director of the CarMax board in 2016. Nash began his career at CarMax in 1997 and has held various senior roles before stepping into his current position. Nash received a Bachelor of Business Administration degree with a concentration in accounting from James Madison University.”
Ina 🙂 is it April Fools already? I thought we were in September! (or at least October based in the Halloween decorations on everybodys lawns already!
Well, “birds of a feather, flock together”
eBay kinda sucks – hows Carmax?
Well, based on consumeraffairs.com …. they get a 1.6 out of 5 ! WOW such losers!
Looks like these 2 were made for each other!
“I would never buy from Carmax again! ” (many here have said the same about eBay!)
“Carmax does not issue refunds” (neither does eBay)
“Carmax needs a lesson in customer service” (so does eBay)
“DO NOT TRUST” – cribbed straight from eBay
“reviewing this CarMax experience… I would NOT recommend buying a vehicle through them”
” they don’t make good on their guarantee. I would give them zero star but it wouldn’t let me submit”
” CARMAX will rob you”
” I notified the BBB and filing a lawsuit in order to resolve the issue”
I could go on – but why? These 2 idiots were made for each other!
Nash said… eBay… is on a clear path to deliver increased value for shareholders.
Too bad eBay is not on a clear path to deliver increased value for SELLERS, which would ALSO benefit shareholders.