EBay Appoints Two Independent Directors Prior to PayPal Spinoff

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EBay Inc. appointed two independent directors in advance of its planned spinoff of online-payment platform PayPal this year.

Tony Bates, the president of wearable-camera maker GoPro Inc., and Gail McGovern, president and chief executive officer of the American Red Cross, were appointed to the online marketplace’s board, the San Jose, California-based company said in a statement Monday.

William C. Ford and Richard T. Schlosberg, who have served for 10 years and 11 years, respectively, aren’t running for re-election, the company said. Jonathan Christodoro was elected to the board as part of a previously announced pact with activist investor Carl Icahn, who has been an advocate of the PayPal split.

Read more at Bloomberg Business