eBay: Norrington to Replace Dutta as Marketplaces Prez
This afternoon, eBay announced that eBay Marketplaces President Rajiv Dutta, a longtime executive at the company, will retire in October and be replaced by Lorrie Norrington, who has been running eBay Marketplaces Operations.
The move comes on a day when the Street greeted the company’s second-quarter results with some disappointment, apparently due in part to weaker than expected gross merchandise value from the Marketplaces business in the quarter. As noted earlier, gross merchandise volume was $15.68 billion, up eight percent year over year, but down two percent sequentially.
