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Biztech Apr 26, 2014

Facebook CFO David Ebersman quits

By Firstbiz Staff

Facebook's chief financial officer David Ebersman is stepping down from the company after serving in the position for almost five years. The company announced that David Wehner, Facebook’s vice president of corporate finance and business planning, will succeed Ebersman, on June 1.

Ebersman, however, will remain with the company through September to ensure a seamless transition of his responsibilities, Facebook said in its statement. He, reportedly, is leaving Facebook to resume a career in healthcare.

Image: Reuters

Image: Reuters

CEO Mark Zuckerberg, on Ebersman departure, said, "David has been a great partner in building Facebook, and I'm grateful for everything he's done to help make the world more open and connected. David set us up to operate efficiently and make the long term investments we need, and built an incredibly strong team including Dave Wehner, our next CFO. I look forward to working with Dave in his new role."

"This has been a tough decision because Facebook is such a great company and has such a bright future ahead, but I've decided to move back into healthcare where I spent my career before Facebook," Ebersman said.

"It's been a privilege working at Facebook and being part of such a great team. We have an incredibly talented finance organization, and I have complete confidence in Dave Wehner and his ability to lead the team going forward,” he added.

by Firstbiz Staff

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