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eBay Announces CFO Transition and Executive Leadership Changes

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SAN JOSE, Calif., April 30, 2025 /PRNewswire/ — eBay, Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that Chief Financial Officer, Steve Priest will be leaving the Company. Peggy Alford will join as the company’s CFO, effective May 12. Steve will remain in an advisory position until July 31 to facilitate a smooth transition. His last day as CFO is May 11.

“Steve has been an exceptional partner during a period of significant transformation,” said Jamie Iannone, Chief Executive Officer, eBay. “His leadership helped guide us through the uncertainty of the pandemic and laid the foundation for the strength and resilience we see in the business today. We are deeply grateful for his contributions and wish him the best.”

“It has been a privilege to work alongside our leadership team and the many talented individuals throughout the company,” said Steve Priest. “With eBay well positioned for success, it’s the right time for me to depart.”

Peggy Alford will join eBay in an advisory capacity on May 5, to ensure a smooth transition, before being appointed CFO on May 12.

“I’m truly excited to return to a company with such a rich history and legacy,” said Peggy Alford. “There’s a deep sense of pride in being part of an organization that continues to resonate with so many people around the world. What I’m most excited about is the opportunity to help shape what comes next, partnering with Jamie and the leadership team to harness today’s technology in ways that make the experience for customers even more seamless, intuitive, and inspiring.”

“We are excited to welcome Peggy as eBay’s new Chief Financial Officer,” said Jamie Iannone. “She brings more than 20 years of experience leading finance, operations and global teams in the technology sector. Peggy has a proven track record of building strong organizations and driving operational excellence. Her leadership and expertise will be tremendous assets as we continue to position eBay for the future.”

In addition to the CFO change, eBay is evolving its leadership structure designed to fuel faster innovation, deepen cross-functional collaboration, and position the company for long-term growth in a rapidly evolving digital and AI-powered landscape.

As part of this continued evolution, the company is bringing together product and market teams into a more integrated, agile structure designed to enhance speed, alignment, and customer-centricity across the organization. It is also consolidating Engineering into a single organization reflecting a broader ambition to operate with greater speed and drive operational scale.

Jordan Sweetnam will lead the newly combined Global Markets and Product organization as Chief Commercial Officer. Mazen Rawashdeh will lead the unified engineering organization as Chief Technology Officer.

“We’re making these changes from a position of strength,” said Iannone. “Our leadership evolution is about moving with greater speed, deepening collaboration across teams, and continuing to build the capabilities we need for the future. We believe these changes will drive long-term growth and deliver greater impact for our buyers and sellers.”

As a result, Eddie Garcia, Chief Product Officer, will be leaving eBay. “I am deeply grateful to Eddie for his outstanding partnership and visionary leadership in shaping our product strategy which has significantly advanced eBay’s offerings and customer experience,” said Iannone. “He has built a world class team and his legacy positions us well for future success.” 

These leadership changes enable the company to deliver greater value to customers, accelerate innovation with new technologies including AI, and further position eBay for sustainable, long-term growth.

About eBay
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world’s largest and most vibrant marketplaces for discovering great value and unique selection. In 2024, eBay enabled $75 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

Forward-Looking Statements 
This press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company’s current expectations, forecasts and assumptions and involve risks and uncertainties. These statements include, but are not limited to, statements regarding the future performance of eBay Inc. and its consolidated subsidiaries, including management’s vision for the future of eBay and our ability to accomplish our vision, the future growth in our business, our ability to drive sustainable long-term growth, the effects and potential of current and contemplated strategic initiatives and offerings including with respect to artificial intelligence and the effects of new product features or programs. Actual results could differ materially from those expressed or implied and reported results should not be considered as an indication of future performance. Factors that could cause or contribute to such differences include, but are not limited to: fluctuations in, and our ability to predict, our results of operations and cash flows; our ability to convert visits into sales for our sellers, attract and retain sellers and buyers and execute on our business strategy; our ability to compete in the markets in which we participate; our ability to generate revenue from our foreign operations and expand in international markets; the impact of inflationary pressure, changing tariff policy, fluctuations in foreign currency exchange rates, elevated interest rates and geopolitical events such as the ongoing wars in Ukraine and in the Middle East, terrorist activities and public health events; our ability to keep pace with rapid technological developments or continue to innovate and create new initiatives to provide new programs, products and services; our ability to operate and continuously develop our payments system and financial services offerings; the impact of evolving domestic and foreign government laws, regulations, rules and standards that affect us, our business and/or our industry, including the impact of potential changes in tariffs or sanctions and escalating trade wars; our reliance on third-party providers; our ability to protect or enforce our intellectual property rights; our ability to deal effectively with fraudulent activities on our platforms; the impact of any security breaches, cyberattacks or system failures and resulting interruptions; our ability to attract, retain and develop highly skilled employees; our ability to accomplish or accurately track and report results related to our sustainability and similar goals; current and potential litigation and regulatory and government inquiries, investigations and disputes involving us or our industry; our ability to generate sufficient cash flow to service our indebtedness; the impact of evolving sales and other tax regimes in various jurisdictions and anticipated tax liabilities; and the success of our recent and potential acquisitions, dispositions, joint ventures, strategic partnerships and strategic investments.

The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof.

More information about factors that could affect the company’s operating results is included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, copies of which may be obtained by visiting the company’s Investor Relations website at https://investors.ebayinc.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. The company assumes no obligation to update such statements.

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SOURCE eBay Inc.

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Pepperstone Appoints Andrew Turnbull to Lead Africa Strategy as Trading Markets Mature

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Nairobi-based appointment strengthens Pepperstone’s investment in Africa as mobile trading grows and regulators across the continent raise standards.

MELBOURNE, Australia, Sept. 1, 2026 /PRNewswire/ — Pepperstone, a global online trading provider serving clients in more than 160 countries, has appointed Andrew Turnbull as Head of Africa, strengthening its focus on one of the world’s fastest-evolving online trading regions. Based in Nairobi, Turnbull will lead Pepperstone’s strategy across the continent as traders increasingly turn to mobile-first platforms and regulators move to strengthen oversight of the sector.

Turnbull brings more than 20 years of experience in financial services, including senior roles at ODL Securities and FXCM Europe, where he led institutional sales and partnerships. His experience spans regulated FX and CFD markets, institutional relationships and business development across international markets.

The appointment also comes as Pepperstone invests in owning more of its technology, giving the business greater control over the trading experience and allowing it to respond more closely to the different needs of clients across individual markets.

“Africa is dozens of distinct regulatory environments and trader profiles,” said Marc Boever, Head of EMEA at Pepperstone. “That is why we are putting more resources on the ground and investing in people who understand the region. Andrew’s experience across regulated financial services and institutional partnerships, combined with his growing first-hand understanding of markets like Kenya, makes him the right person to lead our growth across the continent.”

Kenya, where Pepperstone is licensed under the Capital Markets Authority (CMA)*, was one of the first African countries to introduce a formal regulatory framework for online forex trading. That early move has helped create a more mature market, with regulated, licensed brokers increasingly trusted by traders, while Kenya’s experience offers a model for other African regulators looking to bring greater oversight to the sector.

“Kenya’s traders were among the first in Africa to get a properly regulated market to trade in, and that head start shows,” said Andrew Turnbull, Head of Africa at Pepperstone. “There is a growing appetite for online trading across the continent, but every market is different. I’m looking forward to building on Pepperstone’s presence here and working with our teams and partners to better understand and serve the different trading communities across Africa.” 

Ends

* Pepperstone Markets Kenya Limited is licensed and regulated by Kenya’s Capital Markets Authority under licence number 128.

About Pepperstone: Pepperstone is a global fintech and CFD broker serving traders in more than 160 countries. The company provides access to forex, indices, commodities, shares, ETFs and digital asset markets through industry-leading platforms, competitive pricing and a strong regulatory framework.

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Cherubic Ventures Closes $68.88 Million Fund VI as AUM Surpasses $500 Million

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Early Investment Sudo AI Valued at Nearly $2B

TAIPEI, Sept. 1, 2026 /PRNewswire/ — Cherubic Ventures today announced the close of its sixth fund (Fund VI) at $68.88 million. The fund size reflects the auspicious meaning of the number eight in East Asian cultures, where it is traditionally associated with prosperity and good fortune. With this close, assets under management across the firm’s six funds have surpassed US$500 million.

Investors across all six funds include leading global institutional investors and foundations, as well as publicly listed companies, family offices, successful entrepreneurs and high-net-worth individuals.

Fund VI maintains the firm’s early-stage focus, investing in AI-native companies across infrastructure, developer tools, enterprise software, healthcare, physical AI and robotics. Sudo AI, a robotics startup in the portfolio, has reached a valuation of nearly $2 billion two years after its founding, joining the ranks of unicorns.

“After ten years, I am more certain than ever about why I chose to invest at the earliest stages,” said Matt Cheng, Founder & Solo GP of Cherubic Ventures. “Working alongside exceptional founders, finding a path through uncertainty, and ultimately changing an industry is what keeps driving me.”

Investing Across AI, From Infrastructure to Industry Applications

As AI reshapes industries, Cherubic Ventures continues to look for founders using the technology to build new products and redefine markets. Since 2024, the firm’s AI-native investments have spanned infrastructure, developer tools, enterprise software, healthcare, physical AI and robotics.

In robotics, Sudo AI was co-founded by Hao Su, a leading researcher in embodied AI and 3D vision and co-author of PointNet, and serial entrepreneur Robin Han. Its sudo R1 robotic system is trained through virtual simulation and can reliably handle objects it has never encountered without relying on real-world manipulation data. This addresses a key bottleneck to deploying robotics at scale. Cherubic Ventures was its earliest institutional investor.

Cherubic Ventures is also an early investor in Entire, the developer platform founded by former GitHub CEO Thomas Dohmke. The company raised US$60 million earlier this year, the largest seed round ever for a developer tools startup.

While Fund VI is still at an early stage, its portfolio companies have already raised more than $500 million in subsequent funding. Other notable investments include AI-powered patent technology platform Patlytics, along with healthcare and drug development companies Max AI, Generation Lab and therapiAI.

A Decade Alongside Founders, Supporting the Next Generation

Founded in 2015, Cherubic Ventures was among the first venture firms in the world to adopt the solo GP model. It has invested in more than 200 companies globally, with early investments including Hims & Hers, Flexport, Calm, Paidy, 91APP and Astranis

Across its portfolio, Cherubic Ventures has been the earliest institutional investors in dozens of companies that went on to become unicorns. Hims & Hers is listed on the New York Stock Exchange and 91APP on the Taipei Exchange, while Paidy was acquired by PayPal for US$2.7 billion.

Fund VI marks the beginning of Cherubic Ventures’ second decade. “The past ten years have made me more certain that believing in founders before the answers are clear, and backing them through uncertainty, is at the heart of early-stage investing,” Cheng said. “In the next decade, we will continue to ‘Stay Early’ and work with the most exceptional founders to build the future we want to see.”

About Cherubic Ventures
Founded in 2015, Cherubic Ventures is a global early-stage venture capital firm that started in Taipei and has built a strong presence in the U.S. market. The firm backs outstanding founders from day one and was among the first venture firms in the world to adopt the solo GP model. Notable investments include Hims & Hers, Calm, Flexport, 91APP, Paidy, Formation Bio and Astranis. To date, Cherubic Ventures has invested in more than 200 startups and brings together more than 500 founders and investors in a distinctive global community.

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SOURCE Cherubic Ventures

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Agentic AI Has Arrived. Is Your Workforce Ready to Leverage It?

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Enterprises are deploying AI agents faster than they are building the certified talent to run them. Closing that gap is now the real differentiator.

Authored by, Vikas Mathur, Vice President, Trainocate India

MUMBAI, India, Sept. 1, 2026 /PRNewswire/ — Across the enterprise programs we run every week at Trainocate, the conversation has changed. A year ago, leaders asked us what generative AI could do. Today they ask why their agentic pilot has not reached production. Agentic AI has arrived — the question is no longer whether it works, but whether the workforce is ready to leverage it.

The platforms have done their part. AWS, Microsoft, Google Cloud, Databricks and others have moved agent frameworks, orchestration layers and governance tooling into general availability. What has not kept pace is the workforce. Adoption forecasts keep climbing; the cancellation forecasts climb with them, and for reasons that have little to do with the models themselves.

40%+

of agentic AI projects are forecast to be scrapped by the end of 2027 — on escalating cost, unclear business value and inadequate risk controls.

Source: Gartner

Our own view, formed across thousands of enterprise learners, is simpler than any forecast: Technology is not the constraint. The certified, deployment-ready workforce is.

India’s AI Talent Equation: One Million Roles, One in Six Skilled

India has the demand and the ambition. The constraint is supply. Estimates put the national AI talent pool at 1.25 million by 2027 — real growth, but well short of a market compounding at 25–35% a year. On current trajectories the gap widens before it closes.

We see the consequence directly in client conversations. Skills mismatch, not headcount, is what delays deployment — and on most enterprise shortlists, demonstrable and certified capability now outranks the degree.

Figure: The agentic readiness gap — adoption is outpacing certified capability.

From Prompt Engineering to Agent Orchestration: Three Capability Shifts

From operator to orchestrator. Every prior automation wave asked people to use a tool. Agentic AI asks them to direct one. The working skill is decomposition — mapping a process into the steps an agent may own, the tool-calling boundaries it must respect and the human-in-the-loop checkpoints between them. That is delegation and process design before it is programming, which makes it teachable well beyond the engineering bench.

From reviewing output to governing outcomes. When AI drafts an email, a human reads it before it goes. When an agent provisions infrastructure or triggers a payment, reading it afterwards is too late. Enterprises need people fluent in least-privilege identity, data lineage and governance, evaluation harnesses, escalation thresholds, observability and cost control. In our experience, this is where most agentic programs are thinnest.

From individual courses to cross-functional readiness. One production agentic workflow touches data engineering, application development, identity and security, LLMOps and the business function it serves. Certifying one persona while the rest stand still guarantees the pilot dies at handover. The unit of skilling must become the team.

What we see

Agentic pilots rarely stall on model quality. They stall because too few people can scope what an agent may own, design its guardrails, and stay accountable when it acts alone.

Trainocate enterprise delivery experience

Why Vendor-Authorized Certification Is the New Deployment Prerequisite

Credentials are often said to date quickly in a field moving this fast. We find the opposite. Agentic concepts are universal; implementation is not. Identity and access design, data governance, retrieval and grounding, model selection, evaluation and cost management behave differently on AWS, Microsoft Azure, Google Cloud and Databricks — and those differences decide whether an agent survives production.

Vendor-authorized certification remains the only independently verifiable proof that an engineer can build and operate on a given stack. Foundational credentials also give HR, finance, risk and procurement a shared vocabulary with engineering — and agentic decisions are risk decisions as much as technical ones.

2 in 5

Employers now prefer demonstrable AI skills and certifications over academic degrees. Skills-based hiring is no longer emerging — it is the default.

Source: NASSCOM–Indeed India AI Talent Report, 2026

Experiential Learning: Turning Training Investment into Production Capability

Nobody learns to supervise an autonomous system from a slide. Trainocate’s Experiential Learning Model was built on that premise — one continuous journey rather than a catalog of courses:

Learn from practitioners. Instructor-led and virtual instructor-led training delivered by vendor-authorized, actively certified instructors.Reinforce on demand. Self-paced digital learning and curated learning paths that keep pace with quarterly platform releases.Build in live environments. Hands-on labs in real cloud sandboxes — agents, tool-calling, guardrails and failure modes, not screenshots.Prove it on real work. Capstone projects mapped to the organization’s own agentic and cloud use cases.Certify the capability. Structured exam preparation and readiness checks that convert learning into a verifiable credential.Measure the outcome. Governance dashboards tracking completion, certification attainment and skill progression for L&D and business sponsors.

That model now runs through our AI Mastery Program, which spans foundational to advanced tracks for both business and technical roles across AWS, Microsoft, Google Cloud, Databricks and vendor-neutral content — with agentic system design, multi-agent orchestration and AI governance sitting in the advanced tiers, and sandbox labs and industry capstones throughout.

The results hold up: Close to 80% certification attainment across enterprise programs and a 4.90/5.00 delivery CSAT. As an authorized training partner for AWS, Microsoft, Google Cloud, Databricks and more, operating across 24 countries, we have run this model at scale — over one lakh professionals certified within a single global enterprise account, and agentic AI labs delivered across six Indian cities this year. Four consecutive AWS Global Training Partner of the Year awards and six appearances on the Training Industry Top 20 suggest the model travels.

30%

of enterprise application software revenue will be driven by agentic AI by 2035 — up from 2% in 2025.

Source: Gartner

A Twelve-Month Skilling Blueprint for CHROs and L&D Leaders

Assess against use cases, not catalogs. Benchmark capability against the specific agentic workflows the business intends to run.Build a spine, not a stack. Foundational AI and cloud fluency organization-wide; certified specialization for those who will design, secure and govern agents.Skill the workflow, not the individual. Move cross-functional cohorts together — data, application, security, business — so nothing stalls at handover.Instrument on outcomes. Track certification attainment, time-to-productivity and pilot-to-production conversion. Seat-hours measure activity, not readiness.

Two Budget Cycles: The Window for Workforce Readiness

15%

of day-to-day work decisions will be made autonomously by 2028 — up from effectively zero in 2024.

Source: Gartner

That is not a distant horizon. It is two budget cycles away.

Models are becoming a commodity; every enterprise buys them at roughly the same price. The durable differentiator is the depth of certified talent that can point those models at the right problems and stay accountable for what they do. Treat skilling as infrastructure — continuous, measured, certified — and your agents scale. Treat it as an event and the pilot stays a pilot.

Agentic AI has arrived. The question every board should be asking is whether its workforce is ready to leverage it.

Build a Certified, Agent-Ready Workforce

Trainocate partners with enterprises to build agentic AI and cloud capability at scale — from foundational fluency to certified specialization across AWS, Microsoft, Google Cloud, Databricks and more, delivered through our Experiential Learning Model and AI Mastery Program. To design a skilling roadmap for your workforce, write to cloudacademy@trainocate.com or call +91 9223361686.

About Trainocate

Trainocate is a global IT training and workforce skilling organization and an authorized training partner for AWS, Microsoft, Google Cloud, Databricks and more, operating across 24 countries. Trainocate delivers cloud, data and AI capability to enterprises through its Experiential Learning Model and AI Mastery Program, combining instructor-led training, self-paced digital learning, hands-on sandbox labs, industry capstones and vendor-authorized certification. The company is a four-time consecutive AWS Global Training Partner of the Year and has appeared six times on the Training Industry Top 20. Trainocate India operates as Networks India Pvt Ltd. For more information, visit www.trainocate.com/in.

About the Author

Vikas Mathur is Vice President at Trainocate India, where he leads the Cloud, Data & AI competency business. He works with enterprise L&D and technology leaders across India and Asia on cloud and AI workforce readiness, and can be reached at cloudacademy@trainocate.com or +91 9223361686.

Data sources referenced: Gartner (agentic AI adoption, project cancellation, governance maturity, autonomous-decision and market-share forecasts, 2025–26); McKinsey (State of AI, agent pilot-to-production); NASSCOM and MeitY (India AI job demand and AI-skilled share); NASSCOM–Deloitte (AI talent pool projection); NASSCOM–Indeed India AI Talent Report 2026 (skills-based hiring). Trainocate figures are from our own enterprise delivery data.

Contact: cloudacademy@trainocate.com | +91 9223361686

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