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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| eBay Inc | NASDAQ:EBAY | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.11 | 0.22% | 49.50 | 27.84 | 70.20 | 50.26 | 49.37 | 49.60 | 6,896,725 | 05:00:08 |
From May 2019 to May 2024
By Tess Stynes
EBay Inc. on Monday appointed two new independent directors to its board as the Internet marketplace gears up for the spinoff of its PayPal payment unit later this year.
In a news release Monday, eBay said it added GoPro Inc. President Tony Bates and American Red Cross Chief Executive Gail McGovern to its board.
Shares of eBay rose nearly 1% in morning trading to $58.48.
EBay also said two current directors, William C. Ford and Richard T. Schlosberg, don't plan to stand for re-election at eBay's 2015 annual meeting. After its May 1 meeting, eBay's board will include 15 directors, 13 of whom will be independent, the company stated.
In addition, eBay said Jonathan Christodoro has been elected to its board as part of the previously announced standstill agreement with Carl Icahn, the company's largest active shareholder.
EBay in January had unveiled plans to cut 2,400 jobs, add three board members and explore the sale or spinoff of its eBay Enterprise unit, which helps companies with their Web sales efforts. At the time, EBay added to its board Frank Yeary, a former Citigroup Inc. mergers and acquisitions executive, and Perry Traquina, a former CEO of Wellington Management Co.
EBay said Monday that it remains on track to complete the planned separation of PayPal in the second half of this year.
Write to Tess Stynes at tess.stynes@wsj.com
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