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Internet social network powerhouse Facebook has hired the former chief financial officer of Genentech as its CFO, filing a spot that has been empty for about three months.
Facebook said on Monday that David Ebersman will join the company in September. Ebersman served as CFO of Genentech from 2006 until April this year, when the biotech company was acquired by Roche Holding [RHHBY
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"His success in scaling the finance organization of a fast-growing company will be important to Facebook," Facebook CEO and founder Mark Zuckerberg said in a statement. He noted that Ebersman oversaw Genentech's financial operations during a time when the company's revenue tripled.
In March, Facebook announced that CFO Gideon Yu was leaving the company and that it was seeking a replacement with "public company experience."
Facebook is the world's No.1 Internet social networking site with more than 200 million active users. Last month, Facebook received $200 million in funding from Russian Internet investment firm Digital Sky Technologies.
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