This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

eBay Annnounces Executive Change

SAN JOSE, Calif. ( TheStreet -- eBay (EBAY - Get Report) announced that one of its top executives is leaving the company and that it has commenced a search to find someone to head the firm's key Marketplaces division.

Lorrie Norrington, president of eBay Marketplaces, will be leaving the company for personal family reasons, according to a statement released after market close on Tuesday.

Marketplaces, which includes eBay, Shopping.com, StubHub, Kijiji and a number of other e-commerce sites, is the heart of the retailer's business. Locked in a fierce battle with Amazon (AMZN - Get Report), Google (GOOG - Get Report) and Yahoo! (YHOO - Get Report), Norrington's departure comes at a crucial time for eBay.

A five-year eBay veteran, Norrington has led eBay Marketplaces since July 2008 and oversaw a series of major improvements, including search and site technology enhancements. These include the launch of eBay Buyer Protection and eBay Fashion, as well as features that make it easier to identify top-rated sellers.

eBay is conducting an external search for Norrington's successor. The global Marketplaces management team will report to eBay CEO John Donahoe until the appointment is made.

In a separate regulatory filing, eBay explained that Norrington's separation date will be March 3, 2011.

eBay also updated its third-quarter guidance after market close, explaining that its results will be near the high end of its forecast. In July the company predicted third-quarter revenue between $2.13 billion and $2.18 billion. Excluding items, eBay expects earnings between 35 cents a share and 37 cents a share.

Shares of eBay dipped 12 cents, or 0.49%, to $24.62 in extended trading.

--Written by James Rogers in New York.

>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AMZN $513.72 3.50%
EBAY $27.55 4.00%
GOOG $618.82 3.50%
YHOO $31.94 1.10%
AAPL $112.36 4.30%

Markets

Chart of I:DJI
DOW 16,456.01 +104.63 0.64%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs