We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

eBay CEO to step down after 10 years

WSJ: Whitman prepares exit plan

eBay CEO Meg Whitman is planning to step down from the company she has led for the past 10 years, according to The Wall Street Journal.

Whitman has been delegating more tasks to deputies over the last few months and is expected to decide on her retirement in the coming weeks, the newspaper said quoting "people familiar with the matter". John Donahue, who leads the company's auction business, is the leading candidate to succeed her, according to the newspaper.

EBay, which also operates the PayPal payment system and Skype internet telephony service, is due to report earnings for the fourth quarter on Wednesday. The quarter includes the traditionally-strong year-end holiday period and estimates see eBay reporting earnings per share of $0.38.

The company reported a net profit of $1.1bn in 2006 on the back of $6bn in revenue. For 2007 eBay expects revenue to jump to $7.6bn.


IDG UK Sites

The best iPhone 6 alternatives: Price and specs compared with the best smartphones

IDG UK Sites

The top 10 Apple products ranked by pixel density: Which Apple devices have the sharpest screens?

IDG UK Sites

SBTRKT's Look Away webcam-based interactive music video won't keep your gaze

IDG UK Sites

Retina MacBook Air release date rumours and specs: Gold 12in Retina MacBook Air almost 1cm thinner...