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---- Facebook to replace CFO


Tastatura - 6:21 am on Apr 1, 2009 (gmt 0)


Facebook is replacing its chief financial officer, Gideon Yu.

Facebook spokesman Larry Yu confirmed to BusinessWeek that CFO Yu will be leaving the company. Now the big questions are: Why is he out? And who will replace him?
"Gideon has played an important role in helping us achieve our financial success, building a strong finance team, and establishing the core financial operations of our company," said Facebook in its statement.

Over the last two years, Facebook has lost a number of talented executives, an unusual trend for such a hot startup. Among those who have left are Matt Cohler, vice-president of product management; Dustin Moskovitz and Chris Hughes, co-founders; Adam D'Angelo, chief technology officer; Owen Van Natta, chief operating officer; Jeff Hammerbacher, engineering manager; and Benjamin Ling, platform director.

Facebook's CFO Exits: Enter, the Questions [businessweek.com]

[edited by: Tastatura at 6:22 am (utc) on April 1, 2009]


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