Meg Whitman to step down as eBay CEO in March

Online auction service eBay has announced that their chief executive Meg Whitman will step down in March.

Her position would then be taken over by their current marketplace unit head John Donahoe.

eBay chairman of the board Pierre Omidyar spoke on this decision: “With humor, smarts and unflappable determination, Meg took a small, barely known online auction site and helped it become an integral part of our lives.”

Meg Whitman had this to say on the announcement: “John and I have worked very closely together to arrive at this day, and we’ll continue to work together through the transition. eBay and its millions of users are in great hands as they head into the future.”

Silicon Valley analyst Rob Enderle of Enderle Group added: “She is much of what eBay is right now because so much of the decision-making process has come from her. This could be kind of traumatic for a firm. We will see how they pull through it.”

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