Facebook CFO resigns

Posted by: Jennifer Cefai (3 years, 6 months ago)

In a surprising move, Facebook Chief Financial Officer David Ebersman has resigned from his role, the company has announced. This came with Facebook's first quarter earnings report, which showed strong results and an increase in total revenue of 72% from Q1 2013 - hence the surprise. David Whener, Facebook's VP of corportate finance and business planning, has been internally recruited to succeed Ebersman on June 1.

CEO Mark Zuckerberg described Ebersman, who joined the company five years ago and took it through its IPO, as "a great partner in building Facebook," who "set us up to operate efficiently." In his own statement, Ebersman said that "[deciding to leave] had been a tough decision." He also mentioned that he would be moving back into healthcare, "where [he] spent his career before Facebook." Ebersman will officially move on from the social network in September. 

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