Facebook CFO stepping down

Facebook Chief Financial Officer David Ebersman is leaving the social media giant after nearly five years, the company announced on Wednesday.

He will be succeeded on June 1 by David Wehner, Facebook’s current vice president for corporate finance and business planning, though he will stay with the company through September “to ensure a seamless transition of his responsibilities,” the company said.

"This has been a tough decision because Facebook is such a great company and has such a bright future ahead, but I've decided to move back into healthcare where I spent my career before Facebook," Ebersman said in a statement.

"It's been a privilege working at Facebook and being part of such a great team. We have an incredibly talented finance organization, and I have complete confidence in Dave Wehner and his ability to lead the team going forward."

Co-founder Mark Zuckerberg added that Ebersman “has been a great partner in building Facebook, and I'm grateful for everything he's done to help make the world more open and connected.”

The announcement came as Facebook announced it earned $2.5 billion revenue in the first quarter of 2014, a 72 percent increase from last year which beat expectations.

In March, there were an average of 802 million daily active users of the service, a 21 percent increase year-over-year.

Wednesday's earnings report is the first since Facebook announced multibillion-dollar deals to buy virtual reality hardware company Oculus VR and messaging application WhatsApp.

Federal antitrust regulators gave the go-ahead to the company’s $2 billion acquisition of Oculus earlier on Wednesday.