Former Genentech CFO heads to Facebook

Former Genentech CFO David Ebersman has found a new home as the first CFO of Facebook. The biotech veteran, who spent 15 years with Genentech, was promoted as the company's CFO in 2006. He departed the biotech in April as Genentech was officially absorbed into the Roche fold. In his new position he will be in charge of Facebook's finance, accounting, investor relations and real estate functions. He also becomes a part of the company's executive management team. Ebersman will assume the CFO roll in September 2009.

"We received a lot of interest in the CFO position and had the opportunity to meet with many impressive candidates," said Facebook CEO Mark Zuckerberg. "We quickly recognized that David was the right person for Facebook. He was Genentech's CFO while revenue tripled, and his success in scaling the finance organization of a fast growing company will be important to Facebook."

- here's Facebook's release
- see the WSJ report

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