eBay Hires Auction Czar
Updated from 6:12 p.m. EST
eBay(EBAY Quote) has hired the top executive from a blue-chip consulting firm to oversee its sprawling network of online marketplaces.
John Donahoe, a 23-year veteran of privately held consulting firm Bain & Co., has signed on as president of eBay's Business Unit, a new position that will report directly to CEO Meg Whitman. Bill Cobb, president of the company's North American operations, and Matt Bannick, president of international operations, will report to Donahoe.
In his new post, Donahoe will serve as mastermind of eBay's global auction and e-commerce business and official lightning rod for the sometimes vocal community of eBay sellers. Whitman predicted in a statement that Donahoe would "bring a whole new level of excellence to every facet of the company." ...
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