EBay's Marketplace Chief Leaves in Midst of Revamp
Top eBay Inc. executive Lorrie Norrington announced her departure from the Internet company at a critical time in its turnaround effort.
Ms. Norrington, who runs eBay’s marketplace business–which accounts for more than half of its revenue–decided to leave for “personal family reasons,” the company said.
People familiar with Ms. Norrington’s decision said it was driven by concerns for the health of a family member.
The 50-year-old executive will remain at eBay through March, with Chief Executive John Donahoe heading the marketplaces division until Ms. Norrington’s successor is named.
EBay (EBAY) declined to make Ms. Norrington available for comment. In a statement, Mr. Donahoe said, “Lorrie has led eBay Marketplaces through significant fundamental change as we drive a multiyear turnaround strategy to enhance the shopping experience for buyers and sellers.” The marketplace business includes eBay’s auction and fixed-price listings, as well as a classifieds site and the StubHub ticket exchange.