Facebook said today that former Genentech executive vice president and CFO David Ebersman will join the social network site as its new CFO in September, succeeding Gordon Yiu, whose departure was announced at the end of March. Ebersman will direct Facebook’s strategy, planning and operations and report to founder Mark Zuckerberg, who was quoted as saying:
“We received a lot of interest in the CFO position and had the opportunity to meet with many impressive candidates. 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 spent 15 years at Genentech; he left in April, after the biotech giant was bought out by Roche. Though buzz continues to grow about an impending Facebook IPO, Zuckerberg has said the company has no plans to go public. The company recently took a $200 million investment that valued it at $10 billion.
Image courtesy of Inside Facebook