Facebook is connecting with eBay Inc. the directorial way as the latter announced yesterday that Katie Mitic, an Facebook executive would be joining their company’s board of directors, effective immediately. Mitic currently is leading the Platform and Mobile Marketing section for Facebook. Her main responsibilities have been to shape and grow innovative products for over two million developers and businesses that engage with the 800 million active users. She has even been a seasoned technology leader and entrepreneur.
John Donahoe, eBay Inc. President and CEO, was all praise for the new incoming board member as he said, “Katie has great experience in building innovative global platforms, products and services. Her expertise will be a tremendous asset for eBay as we focus on enabling the future of commerce and changing how consumers shop and pay with our global platforms.” He even noted that adding strong technology expertise and leadership to their board, has been delightful for them.
John Donahoe, eBay Inc. President and CEO, was all praise for the new incoming board member as he said, “Katie has great experience in building innovative global platforms, products and services. Her expertise will be a tremendous asset for eBay as we focus on enabling the future of commerce and changing how consumers shop and pay with our global platforms.” He even noted that adding strong technology expertise and leadership to their board, has been delightful for them.
Mitic would be carrying her years of experience along with her to the eBay board as before joining Facebook, she was serving as Senior Vice President of Global Product Marketing at Palm, where she had multi-tasked a lot. She looked after the hardware and software product management and marketing and at the same time even looked at business and corporate development. Moreover, she has even been responsible for improving Palm’s product line and global footprint with the launch of new mobile devices, one of the industry’s earliest mobile app stores and developer programs, and global distribution channels and partnerships.
Katie Mitic
Mitic even has a Yahoo! Link as she had served previously as Vice President and General Manager at Yahoo!, where her responsibilities included managing strategic global businesses for Yahoo! Mail, Yahoo! Small Business and Yahoo! Personals. She has even been involved in a number of start-ups and venture capital. Again, she has even served on the Special Olympics International board and for a number of fast-growth companies and innovative organizations, she has served as an advisor and as a director.
Talking about her qualification, she holds a BA from Stanford University and an MBA from Harvard Business School.
eBay, with this expansion to their board, now has 12 directors, but notably, 10 of them are independent. eBay may be happy to add a Facebook executive to their board to enhance experience and use her skills to better their position. But this is not the lone step taken up by the auction company to improve its market position. eBay announced earlier this moth that they have even hired Devin Wenig, who even could help the company grow as he has formerly been the CEO of Thomson Reuters Markets. He would be presiding over the company’s global eBay Marketplaces business unit.
Looking at eBay’s market position, it has been quite stable of late. Based in San Jose, California, with its latest update, fell 69 cents, or 2.2 percent, to $30.94. in a 52-week range, the stock has been traded of $23.93 to $35.35. however, with the inclusion of Matic, the figures might start swirling upwards.