eBay (EBAY) Announces CFO Transition, Executive Leadership Changes

eBay, Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that Chief Financial Officer, Steve Priest will be leaving the Company. Peggy Alford will join as the company's CFO, effective May 12. Steve will remain in an advisory position until July 31 to facilitate a smooth transition. His last day as CFO is May 11.

"Steve has been an exceptional partner during a period of significant transformation," said Jamie Iannone, Chief Executive Officer, eBay. "His leadership helped guide us through the uncertainty of the pandemic and laid the foundation for the strength and resilience we see in the business today. We are deeply grateful for his contributions and wish him the best."

"It has been a privilege to work alongside our leadership team and the many talented individuals throughout the company," said Steve Priest. "With eBay well positioned for success, it's the right time for me to depart."

Peggy Alford will join eBay in an advisory capacity on May 5, to ensure a smooth transition, before being appointed CFO on May 12.

"I'm truly excited to return to a company with such a rich history and legacy," said Peggy Alford. "There's a deep sense of pride in being part of an organization that continues to resonate with so many people around the world. What I'm most excited about is the opportunity to help shape what comes next, partnering with Jamie and the leadership team to harness today's technology in ways that make the experience for customers even more seamless, intuitive, and inspiring."

"We are excited to welcome Peggy as eBay's new Chief Financial Officer," said Jamie Iannone. "She brings more than 20 years of experience leading finance, operations and global teams in the technology sector. Peggy has a proven track record of building strong organizations and driving operational excellence. Her leadership and expertise will be tremendous assets as we continue to position eBay for the future."

In addition to the CFO change, eBay is evolving its leadership structure designed to fuel faster innovation, deepen cross-functional collaboration, and position the company for long-term growth in a rapidly evolving digital and AI-powered landscape.

As part of this continued evolution, the company is bringing together product and market teams into a more integrated, agile structure designed to enhance speed, alignment, and customer-centricity across the organization. It is also consolidating Engineering into a single organization reflecting a broader ambition to operate with greater speed and drive operational scale.

Jordan Sweetnam will lead the newly combined Global Markets and Product organization as Chief Commercial Officer. Mazen Rawashdeh will lead the unified engineering organization as Chief Technology Officer.

"We're making these changes from a position of strength," said Iannone. "Our leadership evolution is about moving with greater speed, deepening collaboration across teams, and continuing to build the capabilities we need for the future. We believe these changes will drive long-term growth and deliver greater impact for our buyers and sellers."

As a result, Eddie Garcia, Chief Product Officer, will be leaving eBay. "I am deeply grateful to Eddie for his outstanding partnership and visionary leadership in shaping our product strategy which has significantly advanced eBay's offerings and customer experience," said Iannone. "He has built a world class team and his legacy positions us well for future success."

These leadership changes enable the company to deliver greater value to customers, accelerate innovation with new technologies including AI, and further position eBay for sustainable, long-term growth.

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