SAN JOSE, Calif., Sept. 10, 2020 /PRNewswire/ -- eBay Inc.
(Nasdaq: EBAY), a global commerce leader that connects millions of
buyers and sellers around the world, today announced the
appointment of Carol Hayles and
Mohak Shroff to its Board of Directors. Separately, the company
also announced that Jesse Cohn will
step down from the Board of Directors effective immediately.
Additionally, eBay founder Pierre Omidyar, will step back from
board responsibilities, and transition to the role of Director
Emeritus.
"We are delighted to add Carol and Mohak to our board," said
Paul Pressler, Chairman of the
Board, eBay Inc. "Their appointments will add significant
experience and expertise at a critical time to support the
technology-led reimagination of eBay."
"We want to thank both Pierre and Jesse for their service to the
Board of Directors," continued Pressler. "Pierre invented eBay 25
years ago and has been instrumental in helping make the company
what it is today. We are grateful for his guidance and we will
continue to realize his vision."
"Jesse brought strong leadership skills and a technology
investor's perspective to the board. His input was extremely
helpful with eBay's operating and portfolio reviews which resulted
in margin expansion, the sale of StubHub and the agreement to
transfer eBay Classifieds to Adevinta - all of which increased
long-term shareholder value," concluded Pressler.
Carol Hayles brings deep
operating and financial expertise to eBay. She currently serves on
the Board of Directors of Webster Financial Corporation, where she
is Chair of the Audit Committee, and on the Board of Directors of
Blucora, Inc., where she is Chair of the Compensation Committee.
Carol was previously the Executive Vice President and Chief
Financial Officer of CIT Group, Inc. Prior to CIT Group, Carol held
several management positions during her 24-year tenure at
Citigroup, most recently as Deputy Controller.
"This is a very exciting time for eBay, and I am delighted to be
joining the board supporting eBay's best-in-class leadership team,
to help execute the strategy to drive growth and build long-term
value for shareholders," said Carol
Hayles.
Mohak Shroff currently serves as the Senior Vice President of
Engineering at LinkedIn Corporation, where he leads engineering,
operations, IT and security. Mohak brings significant technology
leadership to the Board of Directors including building out
LinkedIn's advertising platform, Subscription and Jobs products, as
well as scaling the company's payment system. He has previously
served in other engineering management positions during his 12-year
tenure at LinkedIn and prior to that, as the Principal Software
Engineer at Ariba, Inc.
"I am thrilled to be joining eBay's Board of Directors at a
pivotal time in its history," said Mohak Shroff. "eBay is a tech
pioneer and I am excited to support the team through the technology
reimagination to accelerate innovation and help serve the evolving
needs of eBay's buyers and sellers."
Pierre Omidyar, Founder of eBay said "For 25 years, I've watched
with pride as the company I created enabled economic opportunity
for people around the world. With sound strategy and leadership in
place, I can transition to the role of Director Emeritus with
confidence."
Jesse Cohn commented that "eBay
is a tremendous company and has been a terrific investment for
Elliott Management. It was a pleasure to serve on eBay's Board of
Directors for the past year and a half. I want to thank my fellow
directors for their collaboration, and I would like to wish Jamie
and all of eBay's talented employees continued success."
Following these changes, eBay Inc.'s Board of Directors is
composed of 13 directors, 12 of whom are independent.
About eBay Inc.
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects millions of buyers and sellers around
the world. We exist to enable economic opportunity for individuals,
entrepreneurs, businesses and organizations of all sizes. Our
portfolio of brands includes eBay Marketplace and eBay Classifieds
Group, operating in 190 markets around the world. For more
information, visit ebayinc.com.
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SOURCE eBay Inc.