Walmart executive picked as eBay's new CEO

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Walmart executive picked as eBay's new CEO
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Walmart's chief operating officer for U.S. e-commerce Jamie Iannone played a key role in the retailer's digital strategy and was one of its rising stars.

Iannone was credited for growing the membership and online sales of Sam's Club.

He had just been promoted by Walmart in late February to overseeing the retailer's digital strategy and online business. Thomas Tierney, chairman of eBay's board, said in a news release that eBay's board was "impressed by his strong track record of innovation, execution, operational excellence, and developing teams that drive results."

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