Trending: NASA says much-anticipated meteor outburst could be a bust for the West Coast
eBay CEO Devin Wenig at the 2018 GeekWire Summit. (Photo by Dan DeLong for GeekWire)

Devin Wenig is stepping down as CEO of eBay, the company announced Wednesday.

Wenig has led the company since 2015 and helped it evolve in the face of competition with Amazon and other e-commerce rivals. The announcement didn’t go into detail about why Wenig is leaving, but the executive gave some hints in a series of tweets.

Scott Schenkel, eBay’s CFO and a senior vice president, will serve as the interim chief executive until a new permanent leader is found. Filling in for Schenkel as CFO will be Andy Cring, eBay’s vice president of global financial planning and analysis.

Wenig spoke at the 2018 GeekWire Summit, saying he doesn’t want to compete with Amazon directly, though he acknowledged the companies do often jockey for buyers and sellers on their platform. The e-commerce world is big enough for a number of players, including both Amazon and eBay, and Wenig wants his company to develop its own identity.

“I don’t want to compete with Amazon; I want to get as far away from Amazon as I can,” Wenig said at the Summit. “I want us to stand for something fundamentally different. I want eBay to be a winner in discovery-based shopping. I want it to be a place where people think of first for the things they love, not just the things they need.”

However, the two companies are on a legal collision course as eBay last month sued its e-commerce rival, alleging that Amazon managers conspired to poach e-commerce sellers through eBay’s own messaging platform.

eBay recently unveiled a new logistics program to speed up shipments between buyers and sellers. It’s a little different than the programs Amazon and Walmart are investing heavily in because it relies on third-party logistics partners to handle the shipping duties.

eBay to many may evoke memories of an earlier generation of e-commerce. But the company continues to thrive, with more than 182 million active shoppers and close to $100 billion in annual sales taking place on the platform.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Comments

Job Listings on GeekWork

Find more jobs on GeekWork. Employers, post a job here.