Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Trade Me's 'MOD' to resign after a decade

Trade Me's 'MOD' to resign after a decade

By Suze Metherell

June 17 (BusinessDesk) - Trade Me Group’s chief operating officer Mike O’Donnell, better known as MOD, has announced his resignation from the online auction site.

O’Donnell has been with the company for a decade, and said it was “time I turned my hand to something different.” An exact end date is yet to be announced, but he will be involved in the transition period and is expected to remain in the role until at least mid-August.

“MOD has made a huge contribution to Trade Me over the last decade,” chief executive Jon Macdonald said. “He helped build our classifieds verticals, has run our business operations and regulatory functions, and most recently led our Marketplace division."

O'Donnell is responsible for the site's marketplace and operations teams after originally leading Trade Me's commercial division when he arrived in 2004. He has worked for Gareth Morgan Investments, AMP Capital Investors, Fonterra Cooperative Group and Forestry Corporation.

The outgoing chief operating officer writes Trade Me's MOD’s Motors newsletter, something he said he’d continue to do provided Trade Me agrees to his “extortionate payment demand of a 44-gallon drum of 98 octane for each issue.”

The shares in the NZX-listed company rose 0.3 percent to $3.60, and have declined 24 percent in the past year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Maritime: Navigation Safety Review Raises Big Issues For The Govt

Shipping Federation: "The reports makes it clear that the ratification of the Maritime Labour convention (MLC) is long overdue. Only when the MLC is ratified will Maritime NZ be able to inspect and enforce the labour conditions on international ships visiting our ports." More>>

ALSO:

100 Years After Einstein Prediction: Gravitational Waves Found

For the first time, scientists have observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. This confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window onto the cosmos. More>>

Farming: Alliance Plans To Start Docking Farmer Payments

Alliance Group, New Zealand's second-largest meat cooperative, plans to start withholding some stock payments to its farmers from next week to bolster its balance sheet and force suppliers to meet their share requirements. More>>

ALSO:

Gambling: SkyCity First Half Profit Rises 30%, Helped By High Rollers

SkyCity anticipates the Auckland business will benefit from government gaming concessions which were triggered on Nov. 11 in recognition of SkyCity’s $470 million Convention Centre development. Morrison said the concessions would allow the Auckland business to lift its activity during peak period, noting it had a record revenue week over the Christmas and New Year period. More>>

ALSO:

Money For Light: Kiwi Scientists Secure Preferential Access To Synchrotron

Science and Innovation Minister Steven Joyce today announced a three-year investment of $2.8 million in the Australian Synchrotron, the largest piece of scientific infrastructure in the Southern Hemisphere, to secure preferential access for Kiwi scientists. More>>

Telco Industry Report: Investment Hits $1.7 Bln A Year

Investment in the telecommunications sector is $1.7 billion a year, proportionately one of the highest levels in the OECD, according to a report released today on the status of the New Zealand sector. More>>

ALSO:

PGPs: New Programme Sets Sights On Strong Wool

A new collaboration between The New Zealand Merino Company (NZM) and the Ministry for Primary Industries (MPI), announced today, aims to deliver premiums for New Zealand's strong wool sector... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news