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Facebook announced today that its CFO, David Ebersman, will step down later this year.
He'll be replaced by David Wehner, currently
Facebook's vice president of corporate finance and business planning, and the
former CFO of Zynga.
Ebersman has been the company's CFO for almost five
years and he says that he'll be stepping down to work in health care, which is
what he was doing before he joined Facebook.
Although Ebersman is stepping down June 1, he'll
remain with Facebook until September to make Wehner's transition into his new
role as smooth as possible and complete the company's deal with Oculus VR.
Here's the announcement:
CFO
Transition – Facebook today also announced that David Ebersman has informed the
company of his intention to step down as chief financial officer after serving
in the position for almost five years. On June 1, 2014, he will be succeeded as
CFO by David Wehner, currently Facebook's Vice President, Corporate Finance and
Business Planning. Ebersman will remain with the company through September to
ensure a seamless transition of his responsibilities.
Wehner
joined Facebook in November 2012 from Zynga, where he served as CFO. Earlier,
he spent nine years at Allen & Company where he was a managing director.
Wehner has a B.S. in Chemistry from Georgetown University, and an M.S. in
Applied Physics from Stanford University.
“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.” said Zuckerberg. “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 was
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.”
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