Bob Kagle will step down from eBay's Board of Directors in June. According to SEC filings, "His decision to not stand for re-election to the Board is solely for personal reasons and time considerations and did not involve any disagreement with the Company, the Company's management or the Board of Directors."
In his role at venture capital firm Benchmark, Kagle was instrumental in bringing Meg Whitman to eBay in 1998. Benchmark had invested $5 million for a 21.5% stake in the company in 1997. It's unknown whether Whitman's retirement at the end of the month and a new CEO taking the reigns at eBay was a factor in Kagle's decision to step down from the board.
eBay also reported the appointment of Phillip DePaul as its Vice President, Chief Accounting Officer, effective April 14, 2008. DePaul was most recently with OfficeMax.
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Bob Kagle will step down from eBay's Board of Directors in June. According to SEC filings, "His decision to not stand for re-election to the Board is solely for personal reasons and time considerations and did not involve any disagreement with the Company, the Company's management or the Board of Directors."