Airbnb Chief Financial Officer Dave Stephenson moves to new role as company reaches ‘inflection point’

Airbnb Chief Financial Officer Dave Stephenson will transition right into a newly created chief enterprise officer role on the company.

Airbnb Chief Financial Officer Dave Stephenson, who helped information the company by means of Covid-19 tumult and an initial public offering, will transition right into a newly created chief enterprise officer role, Airbnb CEO Brian Chesky stated in a Tuesday observe to staff considered by CNBC.

Stephenson’s new place is efficient January 2024, the company stated. Airbnb’s vice chairman of finance Ellie Mertz will exchange Stephenson as CFO. Mertz’s transition will happen following Airbnb’s quarterly earnings name in February.

Chesky stated Stephenson’s new role would additionally mark an “inflection level” for Airbnb, the place the enterprise would start to deal with progress throughout current and new companies.

“As we develop past our core, it is going to be paramount to have an government devoted to our long-term progress plans, and there is no person higher than Dave to do that,” Chesky wrote within the letter.

“As Chief Business Officer, Dave shall be throughout all points of our technique to develop past the core,” Chesky wrote. “This consists of driving worldwide enlargement, rising world host provide (throughout current and new companies), and main all enterprise and company growth actions at Airbnb.”

Stephenson has been with the company since 2018. Before becoming a member of Airbnb, Stephenson was finance chief at Amazon’s Worldwide Consumer unit. Stephenson serves on the board of Lyft. Mertz serves on the boards of DoorDash and wholesale market Faire.

Chesky additionally stated that Catherine Powell, a longtime Airbnb government who beforehand held varied roles at Disney, would initially transfer into an advisory role earlier than leaving Airbnb “later subsequent yr.”

Airbnb was based in 2007 by Chesky, Nathan Blecharczyk and Joe Gebbia.

— CNBC’s Laura Batchelor contributed to this report.

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