Whitman to Give Up eBay CEO Post
Meg Whitman, who guided the online auction company eBay from a startup to an e-commerce colossus, says she will step down in March. Now 51, Whitman has been at eBay for 10 years. Her departure comes as the company faces slower sales growth.
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RENEE MONTAGNE, host:
NPR's business news starts with eBay losing its chief auctioneer.
eBay's CEO is stepping down. Meg Whitman has been at the helm of the online auction giant for the last 10 years. She has guided the company from young startup status to its current position as $7 billion e-commerce colossus.
In the process, she became one of Silicon Valley's most famous CEOs. Her decision to retire at the end of March, at the age of 51, comes as the company faces slower sales growth. Whitman hands the reigns to another eBay executive, John Donahoe.
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