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Airbnb Hires New CFO From Amazon

Airbnb Hires New CFO From Amazon

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Airbnb Inc. has employed one other government from

Amazon.com
Inc.,

this time naming Dave Stephenson as chief monetary officer of the vacation-rental portal forward of a possible preliminary public providing.

Mr. Stephenson will be part of the San Francisco-based firm in early January, in accordance with an organization weblog submit, and can report back to Airbnb Chief Govt Brian Chesky. He joins Airbnb after 17 years at Amazon, the place he was most lately vice chairman and finance chief of the corporate’s world-wide client group and chargeable for Amazon’s international net gross sales.

Earlier than that, he was vice chairman for Amazon’s worldwide client enterprise and oversaw the funds of assorted enterprise items, together with the North American retail operation, service provider providers and Amazon Net Companies.

Mr. Stephenson left Amazon for a quick stint to work as president and CFO of Massive Fish Video games Inc., a maker of pc and smartphone video games, and served for practically a decade at

Procter & Gamble
Co.

on varied finance and engineering roles, Airbnb mentioned.

“Dave is likely one of the greatest monetary operators on the planet and there’s nobody higher ready to function our CFO,” Mr. Chesky mentioned within the weblog submit. “Within the years forward, Dave will likely be Airbnb’s quarterback for long-term progress, driving us to be much more environment friendly and leverage what makes Airbnb distinctive to create new companies and proceed to increase.”

Mr. Chesky has mentioned Airbnb is getting ready for an IPO in 2019, however the timing is unsure. Airbnb was valued by traders at $31 billion as of a capital elevate in March 2017.

In September, the corporate had requested the U.S. Securities and Change Fee change its guidelines that would probably permit the home-sharing platform to present hosts inventory within the firm.

Mr. Stephenson will succeed Laurence Tosi, who stepped down from Airbnb in February to deal with his funding fund.

“I’m thrilled to be becoming a member of and bringing my expertise main fast-growing companies at scale to assist Airbnb speed up its already unimaginable progress,” Mr. Stephenson mentioned within the weblog submit.

Airbnb earlier this yr employed one other government from Amazon, Greg Greeley, who grew to become president of its properties unit.

Compensation particulars for Mr. Stephenson weren’t instantly obtainable. Airbnb didn’t instantly reply to a request for added remark. Amazon declined to remark.

Corrections & Amplifications
Greg Greeley is the president of Airbnb’s properties unit. An earlier model of this text incorrectly named him Mr. Geeley. (Nov. 26)

Write to Nina Trentmann at Nina.Trentmann@wsj.com


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