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

 

Finance: Major Campaign To End "Gross Overtaxation Of Savings"

The campaign – which includes a special web site through which New Zealanders can e-mail their own and other MPs and party leaders – is backed by Age Concern, Consumer NZ, the Financial Services Council and the Taxpayers’ Union. More>>

ALSO:

Scoop Business: Leighton-Led WGP To Build, Manage Transmission Gully

The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, has won the $1 billion contract to build the Transmission Gully road north of Wellington. More>>

ALSO:

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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