Facebook CFO David Ebersman Stepping Down Later This Year

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Facebook Beats In Q1 With $2.5B In Revenue, 59% Of Ad Revenue From Mobile, 1.28B Users

Facebook just announced that Chief Financial Officer David Ebersman will be stepping down, with David Wehner, the company’s vice president of corporate finance and business planning, succeeding Ebersman on June 1.

The announcement of Ebersman’s departure came as part of Facebook’s first quarter earnings report. In the earnings release, CEO Mark Zuckerberg described him as “a great partner in building Facebook” and said he “set us up to operate efficiently and make the long term investments we need.”

Ebersman joined Facebook from Genentech, where he was also CFO, about five years ago, taking the company through its IPO. (Wehner, meanwhile, joined Facebook from Zynga in 2012.) Ebersman will remain at Facebook until September, the company said.

“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,” Ebersman said in the release. (Besides the healthcare comment, he didn’t say if he had any specific plans in that area).