eBay will begin testing a new payments system in July and shuffled some managers overseeing technology to help prepare for the impact on eBay’s platform.
eBay appointed Steve Fisher, its current Chief Technology Officer (CTO), its new Senior Vice President of Payments.
Rather than appointing a new CTO to replace Fisher, eBay announced this week: “Mohan Patt, Vice President of Core Product Experience, and Mazen Rawashdeh, Vice President of Platform Engineering, will co-lead eBay’s Core Product and Technology organization.”
eBay named Patt and Rawashdeh to its executive leadership team but didn’t explain the reason for its unorthodox approach. Eschewing a Chief Technology Officer to oversee its overall technology strategy is especially odd given the stance by CEO Devin Wenig that eBay is a technology company.
Fisher oversaw Wenig’s Strutured Data and “replatforming” initiatives, joining eBay after its infamous data breach when his predecessor, Mark Carges, stepped down in 2014 for personal reasons.
Now, Fisher will lead eBay’s payments initiative, “overseeing the transformation required to manage payments on our Marketplace platform to significantly improve the end-to-end customer experience.” His responsibilities include overseeing the strategy, business, product, risk and engineering efforts for payments.
In this week’s announcement, Wenig was quoted: “Payments is a critical initiative for eBay as we remain sharply focused on improving the customer experience on our platform. Steve brings exceptional leadership, business, product and technology expertise, as well as experience building eBay’s new payments capabilities from the beginning, to this role. I’m confident he will provide the right leadership for this important effort.”