Airbnb hires Blackstone's Laurence Tosi as CFO
New York
AIRBNB Inc has hired Blackstone Group LP's Laurence Tosi as chief financial officer of the home-sharing startup, filling a position left vacant since Andrew Swain left last year.
"LT's expertise in hospitality and finance is the perfect combination to help take Airbnb to the next level," the San Francisco-based company's CEO Brian Chesky said in a statement last Friday.
Hiring executives from publicly traded companies is often a precursor to an initial public offering for Silicon Valley startups. Airbnb in June was in talks to raise another round of financing at …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 HDB shops, private strata retail units on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases