eBay Appoints Devin Wenig as New President of Marketplaces

eBay has named Devin Wenig, former CEO of Thomson Reuters Markets, as new president of its Marketplaces business unit. The appointment follows the departure of Lorrie Norrington, who left the position a year ago. Wenig, 44, will report to President and CEO John Donahoe. Over the past year, the Marketplaces unit has been undergoing a transformation, and while it represents eBay’s largest division, it faces being eclipsed by eBay’s faster growing PayPal division.