Bill Cobb makes way for Philipp Justus at eBay

Updates: Executive Shake Up at eBay US

We're hearing that there's been a shake up at eBay at the top management level. Philipp Justus Senior Vice President, eBay Europe will be transferring to eBay Corporate headquarters in San Jose, California to head up US Business reporting in to high profile eBay veteran Bill Cobb from January.

Rumours broke late on Friday when German blogs responded to an eBay.de press release announcing the move. Although no official eBay US source has confirmed the rumours, it’s expected Bill Cobb will retain overall control of the North American business which also includes eBay Canada.

"Justus has done great work over the last seven years to build our business in Germany and more recently throughout Europe. I am therefore delighted that Philipp is moving to our Ebay headquarters in San José, and I am convinced that he will have a equally strong influence in his new role," said Meg Whitman, eBay's President.

Executive changes have blighted eBay’s reputation with Wall Street this year. In particular, Jeff Jordan’s departure in the summer spooked analysts. Apparently this is not the only change in senior corporate management and we expect more news from eBay in the next few days. So far a successor for Justus in Europe has yet to be appointed.