Facebook Accounting Officer Resigns

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Facebook CEO Mark Zuckerberg
Facebook CEO Mark Zuckerberg holding a pair of the touch controllers for the Oculus Rift virtual reality headsets on stage during the Facebook F8 conference in San Francisco, California April 12, 2016. Photo: Reuters
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CHIEF Accounting Officer of the Social media giant Facebook Inc, Jas Athwal, has resigned, effective February. 17.

The company said it planned to launch a search for a replacement.

This was made know on Friday, just as the company set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017.

Facebook’s shares were up 1.1 percent at $118.24 in after-hours trading. The company had a market value of about $337 billion at close.

Athwal has spent nearly nine years at the company and was formerly the director of revenue at Yahoo Inc.

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