Deals
Airbnb CFO Departs Amid Tensions, Leaving IPO Timing Unclear
- A Wall Street veteran, Tosi is linked to Airbnb’s ascent
- Legal Chief Belinda Johnson will become operating chief
This article is for subscribers only.
Airbnb Inc. Chief Financial Officer Laurence Tosi is leaving the home-rental company amid tensions and a shakeup in the senior ranks. His departure raises questions about the timeline for an initial public offering, which now won’t come until next year at the earliest.
The San Francisco company said Thursday that it named Belinda Johnson as chief operating officer. Johnson, 50, joined Airbnb in 2011 as the first executive hired by Brian Chesky, Airbnb’s co-founder and chief executive officer. As chief business affairs and legal officer, Johnson led efforts to work with city governments and is at the forefront of the company’s many legal battles.