Devin Wenig

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Devin Wenig
Dwenig.jpg
Devin Wenig
Born
Devin Norse Wenig

1966 (age 52–53)
NationalityAmerican
EducationUnion College (B.A.)
Columbia Law School (J.D.)
OccupationBusiness executive
Salary$14,509,427 (total compensation, 2015)[1]
TitleFormer CEO, eBay
TermJuly 2015 - September 2019
PredecessorJohn Donahoe
SuccessorScott Schenkel
Board member ofGeneral Motors (2018-)
eBay (2011–2019)
Reuters (2006–11)
Spouse(s)Cindy Lee Horowitz

Devin Norse Wenig (born 1966)[2] is an American business executive, and the former president and CEO of eBay from July 2015 to September 2019.

Early life[edit]

Devin Norse Wenig was born in Flatbush, Brooklyn, New York,[3] the son of Carol Wenig of Dix Hills, Long Island, and Dr. Jeffrey Wenig, a toxicologist, and founder and chief executive of Nastech Pharmaceutical Company of Hauppauge, Long Island.[4]

Wenig earned a BA degree from Union College, and a JD degree from Columbia University School of Law.[1]

Career[edit]

Aged 23, and 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, he recruited a professional manager and joined the law firm Cravath Swaine & Moore.[3]

In 1993, Wenig joined Reuters, where he remained until 2011, becoming the company's no. 2 executive.[3] From June 2006 to April 2008, Wenig was COO and a board member of Reuters Group plc. From April 2008 to August 2011, Wenig was CEO of Thomson Reuters Markets, the largest division of Thomson Reuters Inc.[2]

Wenig joined as president of eBay's global marketplaces business unit in September 2011.[1] 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.[5] In October 2014, it was announced that once the eBay/PayPal demerger was complete, Wenig would become CEO of eBay, replacing John Donahoe.[6] Wenig took over as CEO in July 2015 after eBay spun off PayPal.[5] In April 2018, he was elected to the General Motors' board of directors.[7]

On September 25, 2019, it was announced that Wenig would be stepping down as CEO, and that Scott Schenkel, senior vice president and chief financial officer since 2015, had been appointed as the interim CEO.[8][9]

Personal life[edit]

On 28 March 1993, Wenig married Cindy Lee Horowitz, a lawyer, and fellow graduate of Columbia University School of Law in a Jewish ceremony at the Huntington (Long Island) Jewish Center.[4]

References[edit]

  1. ^ a b c "Devin N. Wenig". Businessweek. Retrieved 4 November 2014.
  2. ^ a b "Devin Wenig". Forbes. Retrieved 4 November 2014.
  3. ^ a b c "Where is Devin Wenig now?". Crains. Retrieved 4 November 2014.
  4. ^ a b "WEDDINGS; Cindy Horowitz, Devin Wenig". NYT. 29 March 1993. Retrieved 4 November 2014.
  5. ^ a b "For eBay, a new chapter begins". Fortune.com. Retrieved 1 August 2017.
  6. ^ Bensinger, Greg (3 October 2014). "EBay's PayPal Spin Off to Be Costly in Compensation for Executives". WSJ. Retrieved 4 November 2014.
  7. ^ "eBay CEO Devin Wenig Elected to GM Board of Directors". GM Corporate News Room. Retrieved 19 April 2018.
  8. ^ "eBay Inc. Announces Leadership Transition". www.ebayinc.com. 2019-09-25. Retrieved 2019-09-25.
  9. ^ Kim, Jasmine (25 September 2019). "eBay CEO Devin Wenig is stepping down as the company continues review of potential sale of assets". CNBC. Retrieved 25 September 2019.