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Ford CEO joins eBay board

Bill Ford fills a spot created when eBay increased its board to 11 directors from 10.

Ford Motor CEO Bill Ford joined eBay's board of directors, eBay said Wednesday. Ford has led Ford since October 30, 2001, and prior to that was chair of the company's board. Ford fills a spot created when eBay increased its board to 11 directors from 10.

"We are extremely pleased that Bill is joining eBay's board," eBay CEO Meg Whitman said in a statement. "He leads one of the best-known and most respected global brands, and his management expertise will be a welcome addition to an unparalleled board of directors."