Management Turnover as Change Agent

Monday, May 12, 2008

Recommended Reading - Private Company Facebook Losing CFO

I do not typically comment or cover management changes at private companies but the recent news that 23 year old CFO, Adam D'Angelo, is leaving Facebook is worth a quick note.  Kara Swisher of All Things Digital wrote a story yesterday confirming rumors that D'Angelo was leaving.
D’Angelo wrote a letter to Facebook staff on Friday about the move. He said he wanted a break.

But, according to sources close to the company, D’Angelo felt his responsibilities no longer fit well with his skills and interests.
Dealbreaker earlier today wrote a short piece in which it surmised,
... Lately the company has been bringing in more mature talent, many from Google, so there seems to be a out-with-the-young in-with-the-seasoned trend afoot.
It can not be easy for a twenty three year old to serve as CFO for a company like Facebook.

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