eBay Inc. announced today that Marc Andreessen has decided to resign from the company’s board of directors.
Andreessen has served on eBay’s board for six years, joining in September 2008. Following the board’s recent decision to separate eBay and PayPal into independent, publicly traded companies in the second half of 2015, Andreessen said that now is the right time to step down.
“It's been an absolute privilege to serve with John, Pierre, and team, and I could not be more proud of what we've accomplished,” Andreessen said. “I have complete confidence in John and the board to lead eBay and PayPal through the process of embarking on independent paths in 2015. I wish eBay, and both of its successor companies, all the best, and look forward to following the future of eBay and PayPal closely in the years to come.”
John Donahoe, president and CEO of eBay Inc., said: “Marc has been an extraordinary board member, and we greatly appreciate the leadership, insight and expertise he has provided over the past six years. He has provided invaluable support to me, the board and the entire company. ”