Dave Brooks is reporting that StubHub CEO Chris Tsakalakis has left the company effective immediately, and is being replaced by North America Lead Noah Goldberg and CFO Ajay Gopal.
Click here for more information.
We will be following up on this story — check back with us.
It has been reported by StubHub that President Chris Tsakalakis resigned effective immediately. Tsakalakis joined eBay in 2003 as an executive of eBay Marketplaces. He was president of StubHub from 2007 to 2014, leading the company to become one of the world’s largest ticket marketplaces, but over the last year has hit a few stumbling blocks.
In January the company announced that it was adopting all-in pricing, moving to a pricing scheme that incorporates fees into the price initially seen by the customer. Almost immediately sales began to fall. By early July the company announced that after failing to meet eBay’s earning expectations, it was letting go of approximately 100 of their 700 employees. StubHub also announced that same month that starting on July 15, it would reduce the seller fee for all NHL, NBA, NCAA Football and NCAA Basketball events from 15% to 10%, while raising fees for customers. Before the month was over, StubHub had to reveal that there was an active international investigation into over 1,000 customer accounts being hacked by cyber thieves, who fraudulently bought tickets on the website with stolen financial information.
Tsakalakis was named to the Sports Business Journal’s 2011 and 2012 list of the 50 most influential people in the sports business, the Billboard 2012 and 2013 Power 100 lists and the 2010 and 2011 Huffington Post Sports Game Changer lists. TicketNews cites him as “one of the most influential executives in the ticketing industry.”
As a leader in the industry, he often interview and cited in national publications, including Billboard and The Economist as well as is a regular contributor to Huffington Post. He has also spoken at industry convention, including the very popular Ticket Summit.
Tsakalakis obtained a Bachelor of Science degree in Economics from the Wharton School of the University of Pennsylvania.