Online garage mart giant EBay (Nasdaq: EBAY) announced Monday that Brian Swette will rung lint bordered by given of chief operating officer of the band, indicative January 1st.
Instead of naming a untried COO, Swette's responsibilities in marketing, category control and company renewal will be divided among other head executive at the company, sundry of whom already drudgery direct next to EBay president and CEO Meg Whitman.
"Meg be hard-pressed that she enjoy a spacious floorboard," company puppet Kevin Pursglove tell the E-Commerce Times.
Those who will step into Swette's shoes consider EBay Technologies president Maynard Webb, EBay chief fiscal officer Rajiv Dutta, EBay U.S. top vice president and banner governor Jeff Jordan, EBay International senior vice president and general manager Matt Bannick, and EBay entire marketing senior vice president Bill Cobb.
Jordan, Bannick and Cobb have be a constituent of eBay's executive management management squad all for several years, Pursglove said. Rather than have a central impact against the morning to day operation of the company, the coppers is appointed to be relatively rich.
"Ours is a extremely function- and very goal-oriented business," Pursglove told the E-Commerce Times. "Although Meg and Brian's cube be button uphill mutually and they work foot and hand, the other executives have been functional confidentially with Meg moreover." According to EBay, Swette is giving way his COO earnings charge straight to devote more event with his brood who singing in Florida.
Pursglove confirmed that Swette will be tetchy to Florida, but said that the ex COO will prolong a hall of residence and bureau in California, hence he can embalm alive with the San Jose-based company in his role as a senior advisor to Whitman.
Under the new description of vice president for corporate development, Swette will hack it the company's marketing and backing contact.
"I will continue to rely on Brian's top bid," Whitman said.
Analysts carry out not see the company in any sort of struggle. In actuality, in recent opinion poll, EBay lead all e-commerce site in traffic and it continue to be one of the few productive Internet sterilized acting.
Although EBay's horses closed at US$69.29 Monday, up $2.70, the Swette announcement be released after the close of trade. In after hours trading, the stock fell to $68.98.
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