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Airbnb Hires Amazon Veteran As CFO Ahead Of Potential IPO

Published on Nov 30 2018 10:00 AM in Hotel tagged: Trending Posts / Airbnb

Airbnb Hires Amazon Veteran As CFO Ahead Of Potential IPO

Airbnb Inc has hired Amazon.com Inc veteran Dave Stephenson as its chief financial officer (CFO), ahead of a widely anticipated initial public offering next year.

Stephenson will start in early January, Airbnb said in a statement, and will replace Laurence Tosi, who left the company in February.

Amazon Experience

Stephenson, who has worked at Amazon for 17 years, most recently recently served as vice-president and CFO of the online retailer's worldwide consumer organisation, which is responsible for all of Amazon's global website sales including its Prime service.

Luxury Accommodation

Airbnb, valued by private investors at $31 billion, has in recent months turned to new services and offerings to fuel growth, adding luxury vacation homes and hotels to its platform.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

 

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