10-02-2007, 11:05 AM
Quote:eBay shook up the top management of its Skype peer-to-peer communications unit Monday, removing its cofounder as CEO and saying it will take a US$1.43 billion charge in the coming quarter to cover the cost of incentives in the original acquisition deal and to reflect lower overall value for the unit.
Niklas Zennstrom, Skype's cofounder, will give up his CEO seat and become non-executive chairman of the company's board. Skype's chief strategy officer, Michael van Swaaij, will serve as acting CEO while the company searches for a full-time replacement. In addition, Skype President Henry Gomez will return to the parent company as a senior vice president for corporate affairs reporting directly to eBay CEO Meg Whitman.
eBay has hired executive search firm Russell Reynolds Associates to help it find a new CEO for the unit, which it paid $2.6 billion for in September 2005...
full article: http://ecommercetimes.com/story/bQ8InWym...arge.xhtml