The Forgotten Hero Behind Facebook IPO

By siliconindia   |   Friday, 03 February 2012, 00:54 IST   |    1 Comments
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ebersman

Bangalore: The whole world is discussing about Facebook’s expected historical IPO and all the attention related to IPO focuses on Co-founder & CEO Mark Zuckerberg and Sheryl Sandberg, COO of the company.

But have you heard of David Ebersman? If not, you will soon hear the name because he is the prime mover behind what is expected to be the biggest IPO, an internet firm had ever seen.

Ebersman is the Chief Financial Officer (CFO) of Facebook and the key man in organizing the IPO itself. According to WSJ, reviews of this self-effacing executive including his lack of ego, professional demeanor, confidence and no drama has made him a favorite of Zuckerberg, Sandberg and many other board members.

According to AllThingsD, an admirer of Ebersman’s work said, “Ebersman could easily be CFO for a Fortune 10 company, but he has much more than the usual flavors of a CFO, i.e. of a deal maker or an accountant, by leading the charge on significant fronts related to Facebook’s core of operations.”

Ebersman, who was the earlier CFO of Genentech, joined Facebook in 2009 after the controversial departure of Gideon Yu. He is in charge of finance, information technology teams and facilities of the company. Even though all the decision making regarding IPO went to Zuckerberg, Ebersman was the one who made all the operations smooth.

He is responsible for making close relationships with individual banks and designing an IPO, which will work best for Facebook, including keeping the fees low. According to another source, “Facebook is not taking chances with this IPO and wants to make it a blue-chip event. Neither David nor the company thinks this is a time to be that experimental.”

With all this implementations he made for what will be one of the most scrutinized IPO’s in technology, let’s see what this quiet CFO plans for Facebook in the future.