Summary
eBay Inc. announced a change in its Board of Directors composition. Effective August 18, 2022, Aparna Chennapragada was appointed as a new member, increasing the Board's size to 10. Ms. Chennapragada brings her expertise to the board, though she has not yet been assigned to any specific committees. This appointment is part of the company's ongoing governance strategy and aims to leverage diverse leadership experience. Concurrently, Kathleen Mitic has announced her retirement from the Board, effective September 15, 2022. Following her departure, the Board's size will be reduced back to 9 members. The company has clarified that Ms. Mitic's retirement is not due to any disagreements with eBay. Both directors will receive standard compensation for non-employee directors, aligning with the company's existing policies.
Key Highlights
- 1Aparna Chennapragada appointed as a new independent director to the Board of Directors.
- 2The Board size increased from 9 to 10 members with Ms. Chennapragada's appointment.
- 3Kathleen Mitic is retiring from the Board effective September 15, 2022.
- 4Following Ms. Mitic's retirement, the Board size will decrease to 9 members.
- 5Ms. Mitic's departure is not related to any disagreements with the Company.
- 6Ms. Chennapragada will receive standard compensation for non-employee directors.
- 7No reportable transactions or arrangements exist between Ms. Chennapragada and eBay.