April 18, 2024

Airbnb Chief Monetary Officer Dave Stephenson will transition right into a newly created chief enterprise officer position on the firm.

Airbnb CFO Dave Stephenson, who helped information the corporate by means of Covid-19 tumult and an preliminary public providing, will transition right into a newly created chief enterprise officer position, Airbnb CEO Brian Chesky stated in a Tuesday word to workers considered by CNBC.

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

Chesky stated Stephenson’s new position 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 increase past our core, it is going to be paramount to have an govt devoted to our long-term progress plans, and there’s no person higher than Dave to do that,” Chesky wrote within the letter.

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

Stephenson has been with the corporate since 2018. Earlier than becoming a member of Airbnb, Stephenson was finance chief at Amazon’s Worldwide Shopper 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 govt who beforehand held numerous roles at Disney, would initially transfer into an advisory position earlier than leaving Airbnb “later subsequent 12 months.”

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

CNBC’s Laura Batchelor contributed to this report.