On the day that Facebook is holding its first-quarter earnings call, the social network also announced that Chief Financial Officer David Ebersman is leaving the company after nearly five years in the post, and he will be succeeded by current Vice President of Corporate Finance and Business Planning David Wehner, former CFO of game developer Zynga.
Facebook said in its first-quarter-2014 earnings release that Wehner will assume the CFO post June 1, and Ebersman will remain with the company through September “to ensure a seamless transition of his responsibilities.”
Wehner left Zynga for Facebook in November 2012. Prior to his stint with the developer, he spent nine years as a managing director at Allen & Co.
Facebook Co-Founder and CEO Mark Zuckerberg addressed Ebersman’s departure in the earnings release:
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. David set us up to operate efficiently and make the long-term investments we need, and he built an incredibly strong team, including Dave Wehner, our next CFO. I look forward to working with Dave in his new role.
This has been 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. 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.
Readers: Are you surprised by Ebersman’s departure and the timing of the announcement?
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