Steve Priest has been the Chief Financial Officer of eBay Inc. since June 2019. With more than 30 years of financial and operational leadership experience in various industries, including technology and retail, Priest has been a valuable addition to eBay's executive team. As CFO, Priest oversees eBay's finance, treasury, tax, audit, investor relations, and global financial planning and analysis functions.
Before joining eBay, Priest served as Senior Vice President, Finance, and Chief Financial Officer of Jet.com, a subsidiary of Walmart. At Jet.com, he led the company's finance, accounting, and business operations teams, and played a key role in Jet.com's successful acquisition by Walmart in 2016. Prior to Jet.com, Priest held various leadership positions at Procter & Gamble and Diageo, where he led finance and strategy teams across multiple business units and geographies.
In addition to his professional experience, Priest holds a Bachelor of Arts in Economics and Politics from Durham University in the United Kingdom, and a Master of Business Administration from INSEAD in France. During his tenure at eBay, Priest has played a crucial role in driving the company's growth and financial performance.
He has been instrumental in eBay's efforts to simplify its operations, streamline its cost structure, and focus on its core marketplace business. He has also been a key driver of eBay's capital allocation strategy, which includes returning capital to shareholders through share buybacks and dividends and investing in growth initiatives that will help the company stay competitive in the fast-changing e-commerce industry.
Under Priest's leadership, eBay has delivered solid financial results, including strong revenue and earnings growth, improved margins, and healthy free cash flow generation. In 2020, despite the challenges posed by the COVID-19 pandemic, eBay delivered revenue of $10.3 billion and earnings per share of $4.17, exceeding its guidance for the year. Looking ahead, Priest and the eBay executive team are focused on driving sustained growth and profitability for the company.
They are investing in initiatives that will enhance the customer experience, such as expanding the company's payment capabilities and improving its search and discovery features. They are also exploring opportunities to expand eBay's presence in new markets and categories and to leverage emerging technologies like artificial intelligence and machine learning to drive innovation and efficiency.
Overall, Steve Priest's leadership and financial expertise have been instrumental in driving eBay's success and positioning the company for long-term growth. As CFO, Priest has demonstrated a deep commitment to creating value for shareholders, while also prioritizing the needs of eBay's customers and employees. His track record of success in both established and emerging industries makes him a valuable asset to eBay and the broader e-commerce ecosystem.