Facebook picks David Ebersman as new CFO

Jun 29, 2009

(AP) -- Facebook says it has named David Ebersman, a former executive at biotech firm Genentech, as its chief financial officer.

The Palo Alto, Calif.-based online hangout said Monday that Ebersman will formally start at the company in September.

He replaces Gideon Yu, who left abruptly in March. The company said at the time it was looking for someone with "public company experience."

Ebersman hails from Genentech, which is being bought by pharmaceutical company Roche Holding AG.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: HP revenue inches up after years of decline

add to favorites email to friend print save as pdf

Related Stories

Roche to take over Genentech for $47 billion

Mar 12, 2009

(AP) -- Swiss pharmaceutical giant Roche said Thursday it has agreed to buy California-based Genentech for $46.8 billion in a takeover described as the largest in Swiss corporate history.

Facebook's $200M investment values co. at $10B

May 26, 2009

(AP) -- Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it has yet to turn a profit.

News Corp. hires more MySpace executives

Apr 27, 2009

(AP) -- News Corp. has hired two new executives at MySpace, expanding the online hangout's management team after having just replaced its CEO on Friday.

StumbleUpon's founders buy service back from eBay

Apr 14, 2009

(AP) -- Two founders of Web content recommendation service StumbleUpon said Monday they bought the company back from online auction house eBay Inc., just two years after eBay purchased the startup for $75 million.

Recommended for you

HP revenue inches up after years of decline

13 hours ago

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

16 hours ago

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

18 hours ago

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0