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EBay chief executive has resigned EBay chief executive has resigned
(about 2 hours later)
Meg Whitman, the chief executive of auction website eBay has resigned.Meg Whitman, the chief executive of auction website eBay has resigned.
She will step down on 31 March and will be replaced by John Donahoe, who is currently in charge of the firm's main auction business. She will step down on 31 March and will be replaced by John Donahoe, who is currently in charge of the firm's main auction business, eBay said.
Ms Whitman took the helm at eBay in 1998 shortly before the firm was listed on the stock market. The news came as eBay posted a 57% rise in profit for the three months to the end of last December.
Under her rein, eBay expanded into a global powerhouse, but earnings have been hit recently by the high price the firm paid for Skype. Ms Whitman took the eBay in 1998 before the firm was listed on the stock market. She will remain a director.