David Ebersman, the ex-Chief Financial Officer (CFO) of Genentech, has joined Facebook replacing ex-CFO Gideon Yu.

The speculation is that Facebook is preparing for an IPO, despite the bear market and global economic downturn. Facebook has turned down several acquisition offers in the past from the likes of Microsoft, among others, and has stated it wants to go public within a few years.

Facebook CEO Mark Zuckerberg said this:

“We quickly recognized that David was the right person for Facebook. He was Genentech’s CFO while revenue tripled, and his success in scaling the finance organization of a fast growing company will be important to Facebook.”

Ebersman will start in September and will be in charge of Facebook’s finance, accounting, investor relations and real estate departments.

Anonymous Tip? Comments? Contact us: hr AT iguanabio DOT com

Related Posts

No related posts.