Facebook CFO Leaving Social Media Giant

Facebook CFO Leaving Social Media GiantOn Wednesday, during the social networking giant’s Q1 earnings call, Facebook announced that David Ebersman has informed the company of his intention to step down as chief financial officer.

Ebersman has served in his current role for nearly five years.

On June 1, 2014, the outgoing CFO will be succeeded 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, Facebook confirmed.

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 Facebook CEO Mark 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.”

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