• About & Contact Us
  • SEO Community

Ulancer.com

    • Latest Stories

      What is new?

    • Meet the startups that pitched at EF’s 10th Demo Day in London

      September 27, 2018

    • Rally Rd., the app that lets you invest in classic cars, raises $7M Series A

      September 27, 2018

  • News
  • How to’s
  • Writing
  • Startups
  • Jobs
  • More
    • CMS Tools
    • APPS
    • Web Resources
      • Advertising
      • Firefox
      • Scripts
      • Tools

Airbnb CFO Laurence Tosi is out

  • by Ulancer Contributor
  • In News
  • — 1 Feb, 2018


Airbnb CFO Laurence Tosi is leaving the company, Airbnb announced today. This comes shortly after The Information reported there were some tensions brewing between Chesky and Tosi over the future of the company.

In a blog post, Airbnb said Tosi “has decided to dedicate his full time and energy to his investment fund, Weston Capital Partners, and dedicate time to the several external boards he currently sits on.”

With Tosi out, Airbnb Head of Financial Planning and Analysis Ellie Mertz will serve as the interim CFO, Recode reports. Meanwhile, Airbnb is promoting Belinda Johnson, its now former chief business affairs and legal officer, to the role of chief operating officer.

“The COO is one of the most critical positions in any company,” Chesky said in the blog post. “Before the holidays, I made a decision about who was right for this role and I’m incredibly excited to announce that we have appointed Belinda Johnson to be our COO.”

Airbnb’s leadership and board levels have undergone quite the overhaul recently. Just last week, Airbnb appointed American Express CEO Kenneth Chenault to its board of directors. Chenault is the first black person to serve on Airbnb’s board.

Annually, Airbnb brings in billions of dollars in revenue, is profitable on an EBITDA basis and has more than $5.5 billion on its balance sheet. While it may seem like the right time to go public, Chesky said that’s not going to happen this year.

“We are not going public in 2018,” he said. “Our primary focus is becoming a 21st-century company and advancing our mission. We’re working on getting ready to go public and we will make decisions about going public on our own timetable.”

Featured Image: Carl Court/Getty Images


News source

You might also like...

  • Amazon’s Treasure Truck is hitting the road in the U.K. 2 Dec, 2017
  • UPS bets on blockchain as the future of the trillion-dollar shipping industry 16 Dec, 2017
  • Google Maps will soon tell you when it’s time to get off your train or bus 9 Dec, 2017
  • Instagram could let you follow hashtags soon 10 Nov, 2017
  • Previous story Wildmoka grabs $8 million to help you clip live video in real time
  • Next story Protecting your business from cyber threats
  • RSS
    Receive Freebies & Latest Posts Directly To Your Email - it's Free!

    • Recent Posts
    • Most Popular
    • Comments
    • 7hrCggmJ-AMMeet the startups that pitched at EF’s 10th Demo Day in LondonSeptember 27, 2018
    • oNo38LV2tQIRally Rd., the app that lets you invest in classic cars, raises $7M Series ASeptember 27, 2018
    • Nearby.gifBerkanan is a Bluetooth-powered group messaging appSeptember 27, 2018
    • 2122.pngVinay Gupta to talk about Mattereum at Disrupt BerlinSeptember 27, 2018
    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
    • wptheme2A Collection of Free WordPress ThemesJuly 11, 2010
    • Jason Hall on:Circle launches its stablecoin
    • Jason Hall on:Circle launches its stablecoin
    • Bharat Sarkari Naukri on:Spotify acquires online music studio Soundtrap as it goes after creators
    • PMP on:Online learning platform Unacademy gets $21M Series C from Sequoia India, SAIF and Nexus
  • Staff Picks

    • slider_wp_03Best collection of WordPress Slider PluginsJuly 5, 2010
    • Joomla template builderTop 8 Free Joomla Template GeneratorsJuly 19, 2011
    • 40+ Best WordPress Plugins for Comments40+ Best WordPress Plugins for CommentsJune 18, 2011
  • Recent Posts

    • Meet the startups that pitched at EF’s 10th Demo Day in London
    • Rally Rd., the app that lets you invest in classic cars, raises $7M Series A
  • Search Our Blog

  • Ulancer is an insightful freelance blog and resource site. We provide intuitive articles that cover Photoshop tutorials, time-saving management tips covering a broad range of topics. We also have an active freelance community forum, there you can meet other freelancers that share your common interest, socialize and chat about freelance trending news as the occurred.

© Copyright 2013 Ulancer.