Airbnb hires Amazon finance chief as new CFO

Airbnb was valued by investors at $31 billion as of a capital raise in March 2017.

Company ramping up for IPO in 2019

Airbnb Inc. has hired another executive from Amazon.com Inc., this time naming Dave Stephenson as chief financial officer of the vacation-rental portal ahead of a potential initial public offering.

Stephenson will join the San Francisco-based company in early January, according to a company blog post, and will report to Airbnb Chief Executive Brian Chesky. He joins Airbnb after 17 years at Amazon AMZN, -0.40% , where he was most recently vice president and finance chief of the company’s worldwide consumer organization and responsible for Amazon’s global web sales.

Before that, he was vice president for Amazon’s international consumer business and oversaw the finances of various business units, including the North American retail operation, merchant services and Amazon Web Services.

Chesky has said Airbnb is preparing for an IPO in 2019, but the timing is uncertain. Airbnb was valued by investors at $31 billion as of a capital raise in March 2017.

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