Devin Norse Wenig
1966 (age 54–55)
|Education||Union College (BA)|
Columbia Law School (JD)
|Title||Former CEO, eBay|
|Term||July 2015 - September 2019|
|Successor||Scott Schenkel (interim)|
|Board member of||General Motors (2018-)|
|Spouse(s)||Cindy Lee Horowitz|
Devin Norse Wenig (born 1966) is an American business executive. From July 2015 to September 2019, Wenig was president and CEO of eBay. From April 2008 to August 2011, Wenig was CEO of Thomson Reuters Markets, the financial and media businesses of Thomson Reuters Corporation.
Devin Norse Wenig was born in Brooklyn, New York, the son of Carol Wenig and Jeffrey Wenig, a toxicologist, and founder and chief executive of Nastech Pharmaceutical Company of Hauppauge, Long Island.
At age 23, following his father's unexpected death, Wenig took over as CEO of then-struggling Nastech Pharmaceutical, raising $5 million in venture capital. After a year as CEO, he recruited a healthcare CEO and joined the law firm Cravath Swaine & Moore.
In 1993, Wenig joined Reuters, where he remained until 2011, becoming the company's no. 2 executive. From June 2006 to April 2008, Wenig was COO and a board member of Reuters Group plc. He assisted with the merger of Reuters Group with the Thomson Corporation, and then from April 2008 to August 2011, Wenig was CEO of Thomson Reuters Markets.
Wenig joined as president of eBay's global marketplaces business in September 2011. When Wenig joined eBay, it had 99 million active users. During his time as marketplace chief, this rose to nearly 160 million, by focusing on "m-commerce", shopping on mobile devices. In October 2014, it was announced that once the eBay/PayPal demerger was complete, Wenig would become CEO of eBay, replacing John Donahoe. Wenig took over as CEO in July 2015 after eBay spun off PayPal.
In September 2019, Wenig unexpectedly stood down as CEO of eBay, "amid pressure from activist investors to break the company apart", and was immediately succeeded as interim CEO by Scott Schenkel, eBay's CFO. He received a $57 million golden parachute package.
A cyberstalking and harassment campaign against the owners of the online newsletter, ECommerceBytes, occurred in 2019. This eventually led to charges against seven members of eBay's global security team. The harassment began after an article was published in ECommerceBytes about eBay's litigation against Amazon. Wenig texted a communications executive "If you are ever going to take her [ECommerceBytes writer Ina Steiner] down... now is the time." A subsequent cyberstalking and harassment campaign against the newsletter's authors led to charges against seven members of eBay's global security team. Wenig is not charged in the case.
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