San Jose, Ca., USA - January 22, 2015, San Jose, Ca., USA - eBay Inc. announced the appointment of Perry Traquina and Frank Yeary to its board of directors.
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Mr. Traquina brings a valuable market-oriented investor perspective to eBay Inc.'s board, having served as CEO and Chairman of Wellington Management, one of the world's largest investment management companies.
Mr. Traquina had a successful 34-year career at Wellington Management, retiring in 2014. He held a series of positions of increasing responsibility, including Assistant Vice President, Director of Global Research, Partner and President. From 2004-2014, he served as Chairman, CEO and Managing Partner.
Mr. Traquina graduated from Brandeis University, received an MBA from Harvard Business School and is a Chartered Financial Analyst.
Mr. Yeary brings extensive experience in corporate governance, M&A strategy and audit committee membership to the board.
In 2012, he co-founded CamberView Partners, a financial advisory firm dedicated to bringing independent, investor-led advice into corporate boardrooms, and currently serves as its Executive Chairman.
He has deep knowledge of financial markets and advisory services gained from his more than two decades of industry experience, including serving as Global Head of Mergers & Acquisitions for Citigroup Global Markets and Chairman of Salomon Smith Barney's Global Technology, Media and Telecommunications (TMT) Investment Banking Group. Mr. Yeary also serves as a member of Intel's board of directors.
Mr. Yeary currently is Executive Chairman of CamberView Partners and also serves a member of Intel's board of directors. He previously was Co-founder and Chairman of Level Money and, from 2008-2012, was Vice Chancellor of the University of California, Berkeley, where he designed and implemented multiple financial and operating reforms.
Prior to 2008, he held a number of leadership positions at Citigroup Global Markets, including Global Head of Mergers & Acquisitions, a member of the Investment Banking Management Committee and Chairman of Salomon Smith Barney's Global Technology, Media and Telecommunications (TMT) group. Mr. Yeary graduated from University of California, Berkeley.
The company also announced that it has entered into a standstill agreement with investor Carl Icahn.
In addition to certain corporate governance provisions to be adopted by PayPal as an independent company at the time of its spin-off from eBay Inc., the agreement appoints Icahn Capital executive Jonathan Christodoro to eBay Inc.'s current board of directors. The agreement with Mr. Icahn allows him to determine which board Mr. Christodoro will serve on at the time of separation.
Mr. Christodoro has served as a Managing Director of Icahn Capital LP, the entity through which Carl C. Icahn manages investment funds, since July 2012. Mr. Christodoro is responsible for identifying, analyzing and monitoring investment opportunities and portfolio companies for Icahn Capital.
Prior to joining Icahn Capital LP, Mr. Christodoro held positions at P2 Capital Partners, LLC, Prentice Capital Management, LP and S.A.C Capital Advisors, LP. He began his investment banking career at Morgan Stanley. ■