- Airbnb has employed Amazon VP Dave Stephenson as CFO forward of its anticipated IPO in 2019.
- Stephenson spent 17 years as Amazon, most not too long ago as VP and CFO of Amazon’s Worldwide Client Group, liable for all international web site gross sales. He additionally spent a pair years aspPresident and CFO of Large Fish Video games.
- Stephenson is the second Amazon exec to hitch Airbnb this 12 months, following Greg Greeley, who’s president of Houses.
After a search that is lasted almost 10 months, Airbnb lastly has a CFO.
The house-sharing start-up is asserting Monday that Dave Stephenson will be part of Airbnb as chief monetary officer. He spent 17 years at Amazon, most not too long ago as VP and CFO of Amazon’s Worldwide Client Group, liable for all international web site gross sales. His time at Amazon was interrupted by a two-year stint at Large Fish Video games from 2011 to 2013, the place he held a lot of titles, together with president and CFO.
The rent brings Airbnb one other step nearer to a possible IPO in 2019, filling a place that had been vacant since February, when Laurence Tosi left the corporate amid rumors of tensions with Airbnb co-founder and CEO, Brian Chesky.
In a weblog submit, Airbnb mentioned that in his most up-to-date function at Amazon, Stephenson “oversaw gross merchandise gross sales in extra of $250 billion and helped the enterprise obtain double digit income and working revenue progress over the previous 4 years.”
“Dave is without doubt one of the finest monetary operators on this planet and there isn’t any one higher ready to function our CFO,” Chesky mentioned in an announcement. “I am pleased with the whole lot we have achieved, however Airbnb is simply getting began. 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 broaden.”
Former Amazon CFO Tom Szkutak added, “I had the pleasure of working with Dave throughout his lengthy and distinguished profession at Amazon. Dave efficiently led the Finance perform for a lot of numerous and quickly rising areas of the corporate together with Retail, Market and AWS, and constructed excellent Finance groups alongside the way in which. Dave’s excessive judgement, robust enterprise partnering expertise, and distinctive management capabilities place him nicely for achievement in his new function as CFO of Airbnb.”
Airbnb is without doubt one of the large anticipated IPOs of subsequent 12 months. Stephenson brings public firm expertise to the start-up and performed a job within the integration of Amazon’s greatest acquisitions, Entire Meals and Zappos.
Earlier this month, Airbnb shared a quarterly income determine with the general public for the primary time in its decade-long historical past. It got here lower than per week after a Morgan Stanley report steered that Airbnb’s progress within the U.S. and a few areas in Europe, its most mature markets, was slowing.
Stephenson is not the primary Amazon government that Airbnb has poached this 12 months. In March, the start-up employed Greg Greeley, former VP of Amazon Prime and supply expertise, as its president of Houses. Greeley was with Amazon for 18 years.
Stephenson begins in January and stories to Chesky.