EBay Hires JetBlue CFO to Lead Its Finances
By Mark Maurer and Nina Trentmann
E-commerce platform eBay Inc. is turning to the finance chief of
airline JetBlue Airways Corp. to oversee its finances, ending a
search that began over a year ago.
The San Jose, Calif.-based company on Monday said Steve Priest
would take over as its chief financial officer, effective June 21.
He is set to succeed interim CFO Andy Cring, who has been in the
role since September 2019.
Mr. Priest, 51, has served as JetBlue's CFO since February 2017.
He joined the New York-based low-cost carrier in August 2015 to
manage its strategic initiatives after working at U.K. carrier
British Airways for nearly 20 years, including as senior vice
president for strategy and planning. He plans to leave JetBlue on
June 11, the company said.
Ursula Hurley, JetBlue's head of treasury and investor relations
since April 13, will take over as acting CFO, JetBlue said on
EBay's CFO appointment comes about a year after Jamie Iannone, a
former Walmart Inc. executive, took over as chief executive of the
company. Mr. Iannone in April 2020 replaced former CFO Scott
Schenkel, who had served as interim CEO since September 2019.
"Steve brings extensive experience in generating results by
investing in technology, driving innovation and focusing
relentlessly on the customer, " Mr. Iannone said in a
EBay's revenue grew 42% to $3 billion during the quarter ended
March 31 compared with the prior-year period, while net income fell
81.2% to $641 million following the sale of its StubHub ticket
In his new role, Mr. Priest will be entitled to an annual base
salary of $750,000, a bonus opportunity targeted at 100% of his
base salary and other compensation, eBay said in a filing with
The company didn't immediately respond to a request for
Maria Armental contributed to this article.
Write to Mark Maurer at firstname.lastname@example.org and Nina Trentmann
(END) Dow Jones Newswires
May 17, 2021 19:58 ET (23:58 GMT)
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