Airbnb announced three updates about the company’s executive team: Catherine Powell has decided to transition to an advisor role and move on from Airbnb next year; Dave Stephenson, Airbnb’s CFO since 2019, is stepping into a new role as the company’s first Chief Business Officer; Ellie Mertz has been promoted to Chief Financial Officer. CEO Brian Chesky said in an email: “We’re introducing the role of Chief Business Officer because we’re about to embark on our next chapter as a company. Airbnb is at an inflection point. We spent 2023 perfecting our core service, and we’re now ready to turn the corner.”
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