eBay CEO steps down as the company considers selling off assets

  • eBay CEO Devin Wenig is stepping down, the company said Wednesday. 
  • Scott Schenkel, eBay's senior vice president and chief financial officer, will serve as interim CEO while the company searches for its next chief executive.
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eBay announced Wednesday that its CEO, Devin Wenig, is stepping down. 

The company said it has appointed Scott Schenkel, eBay's senior vice president and chief financial officer, as interim CEO while it conducts a search to identify the company's next chief executive. 

eBay also said Wednesday that it is continuing a strategic review of its assets, including ticket sales website StubHub and the Classifieds Group. The company said it plans to provide an update on that process this fall. 

"Devin has been a tireless advocate for driving improvement in the business, particularly in leading the company forward after the PayPal spinoff," said Thomas Tierney, chairman of eBay's board of directors. "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."

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