Another day, another executive shakeup. eBay said Wednesday that Devin Wenig is stepping down as CEO of the e-commerce company. Scott Schenkel, the company's chief financial officer, will serve as interim CEO while the company searches for its next leader.
"As the board conducts a search, we will continue to focus on our strategic plan and product initiatives, while also ensuring a great customer experience and a smooth transition," Schenkel said in a statement.
Wenig, who joined the company in 2011 as president, also took over as eBay's CEO in mid-2015 after the company split with PayPal. In a tweet Wednesday, Wenig said it has become clear over the past few weeks that he and the company's board weren't "on the same page."
"Whenever that happens, its best for everyone to turn that page over. It has been an incredible privilege to lead one of the worlds great businesses for the past 8 years," he tweeted. "[We] grew, and transformed, and added to one of the most special communities in the world. To the sellers, the consumers and the employees, you have made a lifelong impression on me that i wont soon forget. @ebay is an example of why we shouldn't give up on big tech companies."
In the past few weeks it became clear that I was not on the same page as my new Board. Whenever that happens, its best for everyone to turn that page over. It has been an incredible privilege to lead one of the worlds great businesses for the past 8 years.
— Devin Wenig (@devinwenig) September 25, 2019
Wenig's departure from eBay is among several notable executive shakeups this week, including WeWork CEO Adam Neumann and Juul CEO Kevin Burns stepping down from their respective companies.