Airbnb CFO Out in Management Shakeup, No IPO Planned for 2018
Photo Credit: Airbnb announced it has promoted Belinda Johnson (left) to chief operating officer and that chief financial officer Laurence Tosi is leaving the company. Airbnb
Skift Take
In Airbnb's battle of Silicon Valley versus Wall Street, it appears that Silicon Valley has won this fight — for now.
Airbnb chief financial officer Laurence Tosi, who had long been rumored to be eyeing a position as the company’s chief operating officer, is leaving Airbnb almost three years after joining it. Instead, the company has named Airbnb chief business affairs and legal officer Belinda Johnson as its chief operating officer, the company’s first.
Airbnb said Tosi is leaving the company to devote his time to Weston Capital Partners, his own investment fund, and will continue to serve on several external boards. Airbnb has hired a search firm, Crist Kolder Associates, to assist in the search for a new CFO. Ellie Mertz, Airbnb’s head of global financial planning and analysis, will serve as interim head of finance. No replacement for Johnson in her current role has been announced.
In a statement, Airbnb CEO Brian Chesky wrote: “The COO is one of the most critical positions in any company. Before the holidays, I made a decision about who was right for this role and I’m incredibly e
