eBay Names Bob Swan Chief Financial Officer
San Jose, Calif., February 21, 2006 eBay (Nasdaq: EBAY; www.ebay.com) today announced that Bob Swan will join the company as Senior Vice President, Finance and Chief Financial Officer, eBay Inc., effective March 16, 2006. Swan comes to eBay from Electronic Data Systems Corporation, where he served as CFO and Executive Vice President. He will report directly to eBay CEO Meg Whitman and will be based in eBay's headquarters in San Jose, California. Swan replaces Rajiv Dutta, who will complete his transition to the new role of President of Skype, eBay's online voice communications business.
As CFO for eBay, Swan will assume responsibility and accountability for the financial activities and performance of the company. Swan will be responsible for all aspects of eBay's finance function including controllership, financial planning and analysis, tax, treasury, audit, mergers and acquisitions, and investor relations. He will also join the company's Executive Staff.
"I am thrilled that Bob will be joining us as CFO. Bob's track record leading the financial strategy and direction of major companies like EDS and TRW makes him the ideal person to shepherd eBay into our next decade of growth," said Whitman. "Bob's great depth of financial experience and knowledge make him a worthy successor to Rajiv, who so expertly guided eBay over the last five years."
At EDS, Swan had financial responsibility for a global organization with revenues of more than $20 billion and 117,000 employees. He was also a member of the company's executive team. Swan oversaw the company's controllership, treasury, tax, investor relations, audit, planning, mergers and acquisitions, supply chain management and corporate administrative functions for EDS's worldwide operations. Prior to EDS, Swan served as CFO and Executive Vice President at TRW. Swan has also held executive-level positions at Webvan, providing him with valuable Silicon Valley experience. He began his career with General Electric in 1985 and spent 15 years in a variety of positions, including Corporate Audit Staff and CFO at GE Transportation Systems and GE Medical Systems-Europe. He left GE in 1999 as VP of Finance and CFO of GE Lighting.
About eBay Inc.
Founded in 1995, eBay pioneers communities built on commerce, sustained by trust, and inspired by opportunity. eBay enables ecommerce on a local, national and international basis with an array of websites including the eBay Marketplace, PayPal, Skype, Kijiji, Rent.com and Shopping.com that bring together millions of buyers and sellers every day.