eBay Welcomes Peggy Alford as New CFO Amid Executive Restructuring

eBay's Executive Shake-Up: A New Era Begins

San Jose, California – April 30, 2025
In a noteworthy development in the corporate landscape, eBay Inc. (Nasdaq: EBAY) has announced a pivotal leadership shake-up, prominently featuring the transition of its Chief Financial Officer (CFO). With Steve Priest stepping down, Peggy Alford is set to take the reins as the new CFO starting May 12, 2025, marking a significant change in the eBay leadership structure.

Steve Priest has been a cornerstone in steering eBay through a transformative era, especially during the challenging times of the pandemic. Jamie Iannone, eBay's Chief Executive Officer, praised Priest's contributions, highlighting how his leadership has helped fortify the company's resilience and laid a strong foundation for future growth. Although Priest's departure is imminent, he will remain in an advisory role until the end of July 2025 to ensure a seamless transition to Alford, who will commence her advisory capacity on May 5, 2025.

In her first statement regarding this new role, Peggy Alford expressed her enthusiasm about returning to eBay, an organization she regards with great respect due to its rich history and global impact. She is eager to collaborate with Iannone and the executive team to integrate advanced technologies that enhance customer experiences, ensuring that eBay continues to be a market leader.

A Shift in Leadership Structure

The transition isn't limited to the CFO role. eBay is undergoing broader organizational changes aimed at fostering innovation and collaboration across its global teams. The company's leadership is evolving to keep pace with the rapidly changing digital and AI landscape, fostering an agile environment conducive to faster innovation.

With this new structure, product and market teams will be integrated into a cohesive unit to enhance speed and customer-centricity. Additionally, engineering functions will be consolidated to boost operational efficiency. Jordan Sweetnam has been appointed as the Chief Commercial Officer to lead the newly formed Global Markets and Product organization, while Mazen Rawashdeh will assume the role of Chief Technology Officer, overseeing the combined engineering division.

These strategic appointments are designed to cultivate a more responsive and innovative company culture, aligning eBay's operations with current market demands. Jamie Iannone characterized the shift as being executed from a position of strength, intent on driving long-term growth and maximizing impact for buyers and sellers alike.

Farewell to Eddie Garcia

The restructuring comes alongside the announcement that Eddie Garcia, the Chief Product Officer, will also be departing eBay. In his farewell, Iannone acknowledged Garcia's visionary leadership in shaping the company's product strategy, which significantly enhanced eBay's offerings and customer experience. His contributions have been instrumental in building a robust product team, laying the groundwork for future successes.

As eBay braces itself for these changes, it aims not only to adapt but to thrive by leveraging new technologies, including AI, to better serve its customer base and enhance the overall marketplace experience.

About eBay

Founded in 1995 and based in San Jose, California, eBay Inc. stands as a global commerce leader, connecting people and creating economic opportunities through its vast platform that spans over 190 markets worldwide. In 2024, eBay facilitated $75 billion in gross merchandise volume, a testament to its effectiveness in connecting millions of buyers and sellers efficiently. For further insights into eBay and its array of global brands, visit www.ebayinc.com.

In summary, eBay's recent leadership transitions and structural evolution signal a forward-thinking approach as it navigates the complexities of the digital marketplace. With Peggy Alford's anticipated leadership and the organization's renewed focus on collaboration and innovation, eBay is poised to enhance its position in the competitive landscape while delivering greater value to its community of users.