Market Overview

EBay Trades Lower After Announcing CEO Is Stepping Down

Share:
EBay Trades Lower After Announcing CEO Is Stepping Down

EBay Inc (NASDAQ: EBAY) shares are trading lower after the company said its CEO and President Devin Wenig will step down. The company has named CFO Scott Schenkel as interim CEO.

"During his 12 years at eBay, Scott has demonstrated that he is a strong and dynamic leader who knows our business inside and out. He has worked closely with our teams across the company to execute our strategy. We are confident that Scott's experience at eBay positions him well to lead the company during this time," said Chairman Thomas Tierney.

The company reaffirmed 2019 adjusted EPS guidance of $2.70-$2.75 versus a $2.75 estimate.

EBay shares were trading down 1.4% at $38.93 on Wednesday. The stock has a 52-week high of $42 and a 52-week low of $26.01.

Related Link:

Report: eBay Sale Of StubHub Could Be Forthcoming

eBay To Conduct Strategic Reviews, Could Spin Off StubHub

 

Related Articles (EBAY)

View Comments and Join the Discussion!

Posted-In: Devin Wenig Scott SchenkelNews Guidance Management Best of Benzinga

Need corporate guidance data?
Click here to see licensing options.
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com