Report: eBay CEO preparing to retire

After a decade in the top post, Meg Whitman likely to retire soon, The Wall Street Journal reports.

Meg Whitman, chief executive of auction giant eBay, is planning to retire, according to a report in The Wall Street Journal.

Whitman, 51, recently has been entrusting more of the day-to-day responsibilities to others and "is completing her succession planning, say people familiar with the matter," The Journal said. She has held the top post since 1998.

According to the newspaper's sources, the decision about her retirement could happen within a matter of weeks, but "the situation remains fluid." The report named John Donahoe, president of eBay's auction business unit, as the most likely person to succeed her. Donahoe, 47, has been with the company since 2005.

An eBay representative declined to comment, The Journal said. The San Jose, Calif., company announces fourth-quarter earnings Wednesday.

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