Facebook tags new CFO

David Ebersman is to to take on the chief financial officer role for global
online social networking website Facebook, following the company’s announcement
in March that its current CFO was stepping down.

Ebersman was previously CFO for drugs developer Genetech until earlier this
year when it was acquired by Roche Holdings,

Facebook announced earlier this year that Gideon Yu, who has previously
worked in senior finance roles for Google, Yahoo, and YouTube, was stepping down
and that the company was searching for a replacement with public company

Ebersman will take up his new role in September this year.

Facebook, although privately held was estimated to have a market value of
over $15bn following investment by Microsoft in 2007.

Further reading:

Yahoo CFO expected to leave Internet giant – reports

Microsoft’s group CFO, Chris Liddell

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