Facebook CFO to leave the company

Facebook said it wants its next CFO to have public company experience

Facebook's seasoned CFO will leave the company, the social-networking site confirmed Wednesday.

Gideon Yu was also a vice president. He joined Facebook in August 2007 after working for YouTube and negotiating Google's acquisition of the video-sharing site.

Facebook was mum on the reason for Yu's departure, but said it will look for a new candidate who has experience in working in a public company.

Facebook is a private company and has relied on raising investor funds to continue its expansion.

"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," according to a Facebook statement.

Yu was senior vice president and treasurer for nearly four and a half years at Yahoo, where he oversaw that company's acquisition of major online companies such as Alibaba/Taobao, Overture and Flicker.

Facebook also sought to play down the effects the global recession is having on its business.

"Despite the poor economic climate, we are pleased that our financial performance is strong and we are well positioned for the next stage of our growth," the statement said.

Facebook has surpassed MySpace in unique page views to become the number one social-networking site, according to Compete.com, a Web analytics company.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags CFOsFacebook

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?