Meg Whitman is stepping down as president/CEO of EBay, effective March 31.
John Donahoe, current head of EBay Marketplaces will replace her.
This announcement came as the San Jose, CA firm posted net income of $530.9 million for the fourth quarter, a 53% surge over $346.5 million in the prior year,
The online marketplace reported revenue of $2.18 billion for the quarter ended Dec. 31, a 27% gain over $1.71 billion last year.
She will remain on EBay’s board of directors.
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