By Maria Armental 

EBay Inc. has hired JetBlue Airways Corp.'s Steve Priest to take over as chief financial officer in late June.

The 51-year-old Mr. Priest, who is slated to join eBay on June 21, will report directly to Chief Executive Jamie Iannone.

Andy Cring, who has served as interim CFO since September 2019, will stay on the post until Mr. Priest joins in June and then assist with the transition, eBay said Monday.

"With his rich background as a strategic business leader and skilled operator, Steve brings extensive experience in generating results by investing in technology, driving innovation and focusing relentlessly on the customer," Mr. Iannone said in a statement. "The airline industry is known to be incredibly competitive, forever operating on tight margins, high customer expectations and the endless need to evolve. I'm excited for Steve to bring his unique and valuable perspective to eBay."


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(END) Dow Jones Newswires

May 17, 2021 17:35 ET (21:35 GMT)

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