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Facebook to Find CFO Replacement

The company’s CFO, Gideon Yu, is set to leave.Wired PR News – Facebook CFO, Gideon Yu, is said to be leaving the company. As reported by the Associated Press (AP), the social networking site, which has seen rapid growth since its launching, is seeking a replacement for Yu that has a greater amount of experience with public initiatives.As noted by the AP, some see the move as indicative of the company’s plans to possibly go public. However, Facebook has reportedly stated that there are no plans in the immediate future to go in that direction, and the company is happy with their progress.Yu is credited for his role in the development of key financial operations of the company, after receiving the position of CFO in 2007.Facebook, which is based in Palo Alto, California, has an estimated 200 million users across the globe.Photo Credit: Wikipedia userCoolcaesar

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Tags: California, CFO Replacement, facebook, Gideon Yu, initial public offering, networking, Palo Alto, social networking site
April 1, 2009   Tiffany Cherry - WiredPRNews.com Press Release Reporter
News, Technology California, CFO Replacement, facebook, Gideon Yu, initial public offering, networking, Palo Alto, social networking site
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