Look for eBay to Become More Innovative, Personalized Under Iannone
Odds are good that prior to Monday, most investors had never even heard of Jamie Iannone. The new CEO of online auction site eBay (NASDAQ: EBAY) not only came from outside the company, he seemingly came from nowhere. He wasn't the boss of any other major company, either.
But don't let the obscurity fool you. Iannone is not only qualified by experience and proven by a track record of notable promotions, but he's also established a legacy of technology-minded innovation and savvy consumer-minded initiatives. He may be the outsider that stagnant eBay needs to start pushing back against an overwhelmingly large Amazon.com (NASDAQ: AMZN).
Prior to being named eBay's new chief, Iannone was working for Walmart (NYSE: WMT), serving as the COO of Walmart's e-commerce operation. He held that title for just over a month, promoted from his prior role as CEO of SamsClub.com in late February. Iannone joined the Walmart family as head of the Sam's Club online venue, coming from Barnes & Noble, where he was president of digital products, including its NOOK device. Before that, he was with eBay, where he headed up matters such as tailored shopping experiences.
Source Fool.com
