CFO Yu Leaves Facebook Network

Bolstering suspicions that Facebook plans to go public, the social networker says it hopes to replace its outgoing CFO with someone who has experience at a public company
Author:
Publish date:

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)

and YouTube, the sale of which he negotiated with

Google

(GOOG) - Get Report

, also had been CFO of NightFire Software (acquired by

NeuStar

(NSR)

) and had worked at

Disney

(DIS) - Get Report

,

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.