Airbnb Chief Financial Officer Dave Stephenson will transition right into a newly created chief business officer role at the corporate.
Airbnb Chief Financial Officer Dave Stephenson, who helped guide the corporate through Covid-19 tumult and an initial public offering, will transition right into a newly created chief business officer role, Airbnb CEO Brian Chesky said in a Tuesday note to employees viewed by CNBC.
Stephenson’s latest position is effective January 2024, the corporate said. Airbnb’s vp of finance Ellie Mertz will replace Stephenson as CFO. Mertz’s transition will occur following Airbnb’s quarterly earnings call in February.
Chesky said Stephenson’s latest role would also mark an “inflection point” for Airbnb, where the business would begin to give attention to growth across existing and latest businesses.
“As we expand beyond our core, it should be paramount to have an executive dedicated to our long-term growth plans, and there is no one higher than Dave to do that,” Chesky wrote within the letter.
“As Chief Business Officer, Dave shall be across all facets of our technique to expand beyond the core,” Chesky wrote. “This includes driving international expansion, growing global host supply (across existing and latest businesses), and leading all business and company development activities at Airbnb.”
Stephenson has been with the corporate since 2018. Before joining Airbnb, Stephenson was finance chief at Amazon’s Worldwide Consumer unit. Stephenson serves on the board of Lyft. Mertz serves on the boards of DoorDash and wholesale marketplace Faire.
Chesky also said that Catherine Powell, a longtime Airbnb executive who previously held various roles at Disney, would initially move into an advisory role before leaving Airbnb “later next 12 months.”
Airbnb was founded in 2007 by Chesky, Nathan Blecharczyk and Joe Gebbia.
— CNBC’s Laura Batchelor contributed to this report.
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