CFO Yu Leaves Facebook Network

Bolstering suspicions that Facebook plans to go public, the social networker said Tuesday it hoped to replace outgoing Chief Financial Officer Gideon Yu with someone who has experience at a public company, the AP reports.

Yu, who came to Facebook in 2007 after working at Yahoo!(YHOO Quote) and YouTube, the sale of which he negotiated with Google(GOOG Quote), also had been CFO of NightFire Software (acquired by NeuStar(NSR Quote)) and had worked at Disney(DIS Quote), Hilton, and DLJ / CSFB, according to Facebook's executive profile page.

According to the AP, Facebook praised Yu's performance and said the company is well-positioned to grow.