Airbnb names new CFO, creates new role to oversee international expansion
Airbnb Inc. (ABNB) on Tuesday named Ellie Mertz its new chief financial officer, with outgoing CFO Dave Stephenson set to become the company's first-ever chief business officer. Airbnb also said that head of hosting Catherine Powell is moving to an adviser role and plans to "move on from Airbnb" next year. The company said it created the role of chief business officer "because we're about to embark on our next chapter ... We spent 2023 perfecting our core service, and we're now ready to turn the corner." Stephenson's "critical" role will include guiding long-term growth plans and "driving international expansion, growing global host supply (across existing and new businesses), and leading all business and corporate development activities at Airbnb," Chief Executive and co-founder Brian Chesky said in an e-mail to employees. Airbnb shares rose more than 1% Tuesday and are up 58% in the year to date, which compares with an advance of 19% for the S&P 500 index .
-Claudia Assis
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
12-05-23 1232ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations