eBay Inc. Announces Leadership Transition

eBay reaffirmed its full year guidance for 2019 of organic FX-neutral revenue growth of 2% to 3%, non-GAAP EPS of $2.70 to $2.75 per share and GAAP EPS of $1.97 to $2.07 per share.

eBay noted that its previously announced operating review is ongoing, and the Company expects to provide an update this fall. In addition, eBay’s strategic review of its asset portfolio, including StubHub and eBay Classifieds Group, is continuing to move forward with the assistance of Goldman Sachs & Co. LLC.

About Scott Schenkel 

Mr. Schenkel has served as Senior Vice President and Chief Financial Officer of eBay Inc. since 2015, leading finance, analytics and information technology, as well as eBay’s Classifieds business unit. Previously, he spent six years as Senior Vice President and Chief Financial Officer of eBay Marketplace, where he was responsible for overseeing finance, analytics, strategy and innovation across the business. Mr. Schenkel joined eBay in 2007 as Vice President of Global Financial Planning and Analysis.

Prior to eBay, Mr. Schenkel spent nearly 17 years at General Electric in a variety of finance roles, including Chief Financial Officer of GE Healthcare Clinical Systems, a global healthcare equipment and clinical information technology solutions provider, Chief Financial Officer for GE Plastics Europe and Chief Financial Officer of GE Lighting Europe. Mr. Schenkel began his career as part of GE’s Financial Management Program with its Power Distribution division in North Carolina.

Mr. Schenkel currently serves on the board of NetApp as Chair of its Audit Committee. He received his B.S. from Virginia Polytechnic Institute and State University’s Pamplin College of Business.

About Andy Cring 

Mr. Cring has served as Vice President of Global Financial Planning and Analysis at eBay Inc. since joining the Company in 2013. Mr. Cring has been responsible on a global basis for financial oversight of all functions at eBay, including technology, marketing and operations. Prior to eBay, Mr. Cring served as Senior Vice President of FP&A at Yahoo! from 2009 to 2012. Before joining Yahoo!, Mr. Cring spent 17 years at General Electric in a variety of finance roles, including Chief Financial Officer of Sensing and Inspection Technologies as well as Financial Planning and Analysis leader at both GE Lighting and GE Plastics. Mr. Cring began his career as part of GE’s Financial Management Program with its Lighting division in Cleveland, Ohio.

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