Airbnb Main Financial Officer Dave Stephenson will transition into a freshly designed chief organization officer function at the organization.
Airbnb Chief Economic Officer Dave Stephenson, who aided information the enterprise through Covid-19 tumult and an first public supplying, will transition into a recently created chief business enterprise officer part, Airbnb CEO Brian Chesky mentioned in a Tuesday note to workers viewed by CNBC.
Stephenson’s new placement is helpful January 2024, the business stated. Airbnb’s vice president of finance Ellie Mertz will replace Stephenson as CFO. Mertz’s transition will happen next Airbnb’s quarterly earnings get in touch with in February.
Chesky explained Stephenson’s new function would also mark an “inflection place” for Airbnb, where the enterprise would commence to aim on development throughout current and new organizations.
“As we grow over and above our core, it will be paramount to have an govt committed to our extensive-term growth strategies, and there’s no person much better than Dave to do this,” Chesky wrote in the letter.
“As Main Business Officer, Dave will be throughout all aspects of our system to develop past the core,” Chesky wrote. “This involves driving worldwide enlargement, developing world-wide host source (throughout existing and new enterprises), and top all business enterprise and company enhancement pursuits at Airbnb.”
Stephenson has been with the company due to the fact 2018. In advance of signing up for Airbnb, Stephenson was finance main at Amazon’s Globally Customer unit. Stephenson serves on the board of Lyft. Mertz serves on the boards of DoorDash and wholesale market Faire.
Chesky also claimed that Catherine Powell, a longtime Airbnb executive who formerly held various roles at Disney, would at first transfer into an advisory part in advance of leaving Airbnb “later on upcoming 12 months.”
Airbnb was launched in 2007 by Chesky, Nathan Blecharczyk and Joe Gebbia.
— CNBC’s Laura Batchelor contributed to this report.
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