Mumbai: Global internet auction giant eBay on Tuesday named Ambareesh Murty as its new Country Manager for India, replacing Rajan Mehra who is moving out to pursue an entrepreneurial role in venture capital space.
Murty, who has been with eBay for over two years, will assume his new role with effect from today and would lead the entire eBay Portfolio in India, the company said in a statement here.
The top management change at India operations comes within less than two months of a global top-order rejig at eBay Inc. Earlier this year, Meg Whitman resigned as its CEO and was replaced by John Donahoe, when the world’s largest Internet auction firm also brought in India-origin former finance head Rajiv Dutta to the board.
On 23 January, the company announced that Whitman would step down as its president and CEO on 31 March. Besides, the company also named Rajiv Dutta, president of its PayPal unit, as executive vice president of eBay Inc and president of auction business unit - eBay Marketplaces, which accounts for over 70% of the group’s total revenue.
Dutta, an Economics graduate from St Stephen’s College in Delhi and MBA from Drucker School of Management in California, is a 10-year eBay veteran and has previously served as the company’s chief financial officer and president of Skype, eBay’s communications business.
Mehra, the current country manager of eBay India, would be transitioning the role to Ambareesh Murty over the next few months and will subsequently be pursuing his entrepreneurial interests in the venture capital industry, the statement said.
Murty has been with the company since December 2005 and has held a number of senior executive roles, the most recent being eBay India’s Marketing and Operations Director.
Previously, he has worked for over 5 years in packaged goods marketing department of Cadbury Schweppes and has also spent a couple of years with Prudential ICICI. He is a civil engineering graduate from Delhi College of Engineering and a MBA from the IIM-Calcutta.
Mehra had been eBay India’s Country Manager since September 2005. He was responsible for starting and building its successful B2B Motors business, eBay India Motors Marketplace.