Facebook announces new CFO

Social network Facebook has hired the former chief financial officer of Genentech as its chief financial officer (CFO), filling a spot that has been empty for about three months. Facebook said yesterday that David Ebersman will join the company in September. Ebersman served as CFO of Genentech from 2006 until April this year, when the biotech company was acquired by Roche Holding. Comments from the company have recently sparked speculation that it was preparing for an initial public offering. But founder Mark Zuckerberg said in May that any IPO was still “a few years out.”