New eBay CEO to come from Walmart

Struggling online retail giant eBay named a new top executive on Monday, bringing in the former head of e-commerce at Walmart, Jamie Iannone.

Iannone will take over April 27 from interim CEO Scott Schenkel, who took over after Devin Wenig stepped down last year.

Most recently Iannone was chief operating officer of Walmart eCommerce and has some 20 years of experience in retail and digital operations, according to an eBay statement.

Iannone worked previously at eBay for eight years and also was an executive at bookseller Barnes & Noble.

“The board believes Jamie is the ideal CEO to lead eBay’s next chapter of growth and success,” said eBay chairman Thomas Tierney.