Andy Cring has been interim Chief Monetary Officer (CFO) at eBay since a reshuffling in September 2019 following Devin Wenig’s abrupt departure as CEO. Twenty months later, eBay lastly named a everlasting CFO.
Steve Priest will be a part of eBay on June 21, 2021 within the position of Chief Monetary Officer reporting to Jamie Iannone, who was named everlasting CEO efficient April 27, 2020.
eBay pays its new CFO a base wage of $750,000, a goal bonus alternative of 100% of base wage (prorated for 2021), and eligibility for annual fairness awards starting in 2022 (which, for 2022, can have a grant date worth of not less than $5.5 million).
Priest may also obtain one other $10 million new-hire fairness awards vesting at completely different charges, and one other $4 million in fairness transition funds.
Priest, who comes from JetBlue, will oversee all world features of eBay’s monetary operations together with controllership, monetary planning and evaluation, tax, treasury, audit, mergers and acquisitions, and investor relations
As for Cring, he’ll proceed in his position of Interim CFO till Priest joins eBay on the finish of subsequent month, after which he’ll help with the transition. Presumably he’ll go away the corporate after the transition, as Steve Schenkel had finished after his time as Interim CEO was over.
Yow will discover the information on the eBay corporate blog.