Ebay Marketplaces head to leave company

SAN JOSE, Calif. Ebay announced that Lorrie Norrington, president of Ebay Marketplaces, will be leaving the company for personal family reasons. While the company conducts an external search for her successor, the global Marketplaces management team will report to Ebay Inc. president and CEO John Donahoe.

“Lorrie has led Ebay Marketplaces through significant fundamental change as we drive a multiyear turnaround strategy to enhance the shopping experience for buyers and sellers and evolve Ebay as a global ecommerce and mobile commerce leader,” said Ebay Inc. president and CEO John Donahoe. “For personal family reasons, Lorrie made a decision to do what’s best for Ebay and for her family, and I respect that. I wish her the very best and thank her for many contributions to our company and our nearly 92 million active Ebay users.”

In addition to announcing this management change, the company said it expects its third quarter 2010 results to be near the high end of the guidance provided on July 21.