Facebook CFO David Ebersman stepping down despite staggering profits
Facebook Chief Financial Officer David Ebersman is stepping down later this year.
David Wehner, the company's vice president of corporate finance and business planning, is succeeding Ebersman on June 1, Facebook announced.
According to TechCrunch, the announcement of Ebersman's departure came as part of Facebook's first quarter earnings report.
In the earnings release, CEO Mark Zuckerberg described him as 'a great partner in building Facebook'.
Ebersman joined Facebook from Genentech, where he was also CFO, about five years ago, taking the company through its IPO, the report said.
Ebersman will remain at Facebook until September, the company said.
Ebersman added that resigning from the social networking site has been a tough decision because Facebook is such a great company and has such a bright future ahead.
Ebersman added that he has decided to move back into healthcare where he spent his career before Facebook.
(Posted on 24-04-2014)
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