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eBay’s Post-Earnings Report: StubHub, Buybacks, and Active Users

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eBay’s Post-Earnings Report: StubHub, Buybacks, and Active Users PART 1 OF 6

eBay: A Global Leadership Reset

Scott Cutler becomes SVP for Americas business unit

eBay (EBAY) recently reset its global leadership team at a time when it is stepping up efforts to grow its international sales. As part of the shake-up of its global leadership team, eBay promoted Scott Cutler to senior vice president of its Americas unit.

Cutler joined eBay in 2015 from the New York Stock Exchange, where he served as an executive vice president. Cutler is expected to continue his responsibilities as the president of eBay’s StubHub until the company finds his replacement.

eBay: A Global Leadership Reset

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eBay promotes from within

The leadership shake-up also saw eBay name Jay Lee as the senior vice president of EMEA (Europe, Middle East, and Africa). Lee is an eBay veteran who joined the company in 2002. Lee pioneered eBay’s cross-border export program from China to the company’s global consumer base.

As part of eBay’s global leadership reset, the company named Jooman Park to the position of SVP for its Asia-Pacific marketplace business. Park is another eBay veteran who joined the company in 2002.

International push

Recent months have seen eBay launch or expand several initiatives to boost its international and cross-border operations. For example, the company expanded its partnership in August with MallForAfrica to enable African vendors to access the US (SPY) market.

Amid growing competition from Amazon (AMZN), Walmart (WMT), and Alibaba (BABA), eBay is keen to strengthen its international presence. eBay reported that 54% of its net transaction revenues in 2Q17 came from abroad, implying flat growth from 2Q16, as shown in the chart above.

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