For eBay, a new chapter begins


For newly appointed eBay CEO Devin Wenig, lobster rolls will never be the same.

It was 2011, and Wenig had just left Thomson Reuters after spending 18 years at the business news giant. EBay’s CEO at the time, John Donahoe, had heard of Wenig’s departure and immediately asked meet at his home in Cape Cod. Wenig, who only had known Donahoe superficially, thought he was crazy. But eBay’s leader was convincing, and Wenig agreed to take the short flight from New York later in the week.

Sitting at a small table at seafood shack in Hyannis, eating succulent fresh lobster sandwiches and hearing the Atlantic’s waves splash against the dock, Wenig listened to Donahoe’s pitch: join eBay to head up its giant marketplaces business and potentially become the company’s CEO in the coming years.

Flash forward to today. Monday will mark Wenig’s first official business day as CEO of a…

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