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

 

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news