Devin Wenig

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Devin Wenig
File:Dwenig.jpg
Devin Wenig
Born Devin Norse Wenig
1966
Flatbush, Brooklyn, New York, US
Nationality American
Alma mater Union College
Columbia University School of Law
Occupation CEO, eBay
Salary $14,509,427 (total compensation, 2015)[1]
Board member of eBay (2011-)
Reuters (2006-11)
Spouse(s) Cindy Lee Horowitz

Devin Norse Wenig (born 1966)[2] is an American business executive; the president and CEO of eBay.

Early life

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

Career

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 Ebay Marketplaces Business Unit on 6 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 of 2015 after eBay spun off PayPal. [7]

Personal life

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

References

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  5. http://fortune.com/2015/07/19/ebay-independence/
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  7. http://fortune.com/2015/07/19/ebay-independence/