By Julian Hattem - 04/23/14 04:39 PM EDT
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.
"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.