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eBay Finds its First Chief Business & Strategy Officer

George PaulNews
Stefanie (Stef) Jay

Stefanie (Stef) Jay. Courtesy of eBay

eBay has appointed Stefanie (Stef) Jay as its Chief Business and Strategy Officer, a newly created role that reports directly to CEO Jamie Iannone. She joins the company on May 10, 2021.

Jay’s new job places her at the head of a new organization that combines Strategy, Business Operations, Analytics, and Communications. In eBay’s press release, the company stated that the teams will leverage data and insights for day-to-day operations, long-term strategy, and compelling story-telling.

"Over the last year, we have developed and executed a proven playbook for transforming eBay with a tech-led reimagination, and I know Stef will be key in sharpening and accelerating the implementation of this successful strategy across our entire marketplace," Iannone stated.

Jay brings more than 20 years of experience in global strategy, corporate development and general management to her new role. Most recently she was at Walmart, where was the VP & GM of Walmart Connect, the retail giant’s in-store and digital advertising business. Prior to that, she led Corporate Development and Strategy for Walmart’s e-commerce efforts, including a $500 million investment in China's JD.com. She also forged strategic partnerships with Google, Uber, and Lyft. Before joining Walmart, Jay spent 14 years on Wall Street in Goldman Sachs’ consumer retail and healthcare investment banking group focused on M&A and corporate finance.

“I am proud to join the eBay team," Jay said. "I have always admired eBay's commitment to empowering economic opportunity for all, and am looking forward to further building upon the successful strategy the team has been implementing over the past several months."

Earlier this week, eBay hinted that it could be open to accepting cryptocurrency as a form of payment and is also examining ways it can integrate non-fungible tokens (NFTs) on its e-commerce platform.

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