eBay Inc. Adds Two Independent Directors in Preparation for eBay and PayPal Separation - Seite 2

Additionally, eBay Inc. announced that 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 Inc.’s full slate of director nominations are included in its 2015 proxy statement, which was filed with the Securities and Exchange Commission (SEC) today and submitted for shareholder approval at the 2015 Annual Meeting.

Separately, the company noted that it continues to make solid progress on the separation of eBay and PayPal and remains on track to complete the transaction in the second half of 2015. Last month, PayPal filed its Form 10 with the SEC to begin the securities registration process. PayPal expects to update its Form 10 filing in the second quarter 2015 to include details on the separation and distribution and operating agreements between eBay and PayPal, as well as other corporate and business information.

Biographical Information on New Directors

Tony Bates

Mr. Bates brings 25 years of technology leadership, insight and knowledge to eBay Inc.’s board. He has an unparalleled track record of entrepreneurship and is a recognized technology leader with a keen ability to anticipate consumer and industry trends. He currently serves as President and member of the board of directors of GoPro, Inc. He previously served as Executive Vice President of Microsoft’s Business Development and Evangelism group, leading its corporate strategy team. Prior to that role, he was CEO of Skype from 2011 to 2013, where he oversaw the company’s successful integration into Microsoft. Earlier in his career, he held a series of positions of increasing responsibility at Cisco, including directing the company’s $14 billion Enterprise Group. Mr. Bates also is a member of the board of directors of Sirius XM Radio, Inc. and Big Switch Networks, Inc.

Gail McGovern

Ms. McGovern brings deep management and financial expertise to the board, having served in senior leadership positions at some of the world’s largest and most recognized companies and organizations. She has more than 28 years of corporate experience, including serving as President of Fidelity Personal Investments, a unit of Fidelity Investments, and Executive Vice President of AT&T’s Consumer Markets Division, the company’s largest business unit. She is the current President and CEO of the American Red Cross, where she has led a number of initiatives to improve the organization’s financial stability and expand the reach of its lifesaving services. Ms. McGovern also was on faculty at the Harvard Business School. She serves on the board of DTE Energy and The Weather Company, and is a member of President Obama’s Management Advisory Board. She graduated from Johns Hopkins University and received her MBA from Columbia University.