eBay’s Chief Financial Officer Steve Priest and its Chief Product Officer Eddie Garcia are departing, eBay announced directly after announcing 1st quarter 2025 earnings. It’s also “evolving” its leadership structure.
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.
In its press release, eBay said of its executive changes, “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.”
eBay 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’s also consolidating Engineering into a single organization “reflecting a broader ambition to operate with greater speed and drive operational scale.”
Jamie Iannone, who celebrated his 5-year anniversary as eBay’s CEO on Sunday and earned $20.3 million in total compensation last year, said, “We’re making these changes from a position of strength.”
eBay and its Chief Financial Officer Steve Priest determined on April 25th that Priest would step down from his current role on May 11th. In its filing with the SEC, eBay informed the agency, “Mr. Priest is not departing due to any disagreement with the Company or the Board relating to the Company’s operations, policies or practices or any issues regarding its accounting policies or practices.”
Replacing Priest, who earned $8 million in total compensation in 2024, will be Peggy Alford, who joins the company from PayPal, where she was Executive Vice President, Global Sales. Alford will join eBay on May 5th as a Strategic Advisor until May 12th, when she will then take the CFO reins. Priest will step down as CFO on May 11th, but will remain at the company until July 31, 2025 to support the transition, during which he will continue to receive his base salary and benefits.
Eddie Garcia will transition to the role of Strategic Advisor, effective as of May 12, 2025. He will remain with eBay until July 18, 2025 to support the transition, during which time he will continue to receive his base salary and benefits.
eBay published the announcement about the executive leadership changes on the eBay corporate website.