SAN shares baseball tickets FRANCISCO (Reuters) interprets - Internet social network powerhouse Facebook has hired the former chief financial officer of Genentech as its CFO, filing a spot that has been empty for about three months. GR - Electronic Systems Goodrich CorporationLaurie Tardif, 704 264 7338 (mobile)704-423-7048 (office) Copyright Business Wire 2009. Technology | Media | Russia | FranceFacebook said on Monday that David Ebersman will join the company in September. But Zuckerberg said in May that any IPO was still "a few years out."Facebook is the world's No.1 Internet social networking site with more than 200 million active users.
Ebersman served as CFO of Genentech from 2006 until April this year, when the biotech company was acquired by Roche Holding."His success in scaling the finance organization of a fast-growing company will be important to Facebook," Facebook CEO and founder Mark Zuckerberg said in a statement cubs rooftop . He noted that Ebersman oversaw Genentech's financial operations during a time when the company's revenue tripled.In March, Facebook announced that CFO Gideon Yu was leaving the company and that it was seeking a replacement with "public company experience."Facebook's comments at the time sparked speculation that the company was preparing for an initial public offering . * GM cuts operational joint-venture tie with Toyota Stocks | Japan | Bankruptcy * Move adds to uncertainty for California plant (Adds details from GM statement, background, byline) By Kevin Krolicki DETROIT, June 29 (Reuters) - General Motors Corp GMGMQ.PKcut operational ties on Monday to a northern California autoplant it had operated in a joint-venture with Toyota Motor Corp(7203.T) since 1983 . The move deepens uncertainty over the future of a plantthat employs over 4,000 workers and was once seen as a ground-breaking experiment in bringing production efficienciespioneered in Japan to a U.S workforce GM, which has been operating in a U.S .
government-sponsoredbankruptcy since the start of the month, said it was unable toreach an agreement with Toyota on a new production plan for theFremont, California plant kansas city royals . "After extensive analysis, GM and Toyota could not reach anagreement on a future product plan that made sense for allparties," GM said in a written statement . GM and Toyota have been 50-50 partners in the joint-ventureplant commonly known by its acronym NUMMI for the New UnitedMotor Manufacturing Inc . The Pontiac Vibe -- the only GM vehicle built at the plant-- will go out of production in August under a previouslyannounced plan by GM . Toyota uses the plant to build theCorolla sedan and the Tacoma compact pickup truck. Toyota, which surpassed GM as the world's top automaker in2008, said it had hoped the joint-venture would continue andsaid it would consider whether to continue operating the planton its own.
"While we respect this decision by GM, the economic andbusiness environment surrounding Toyota is also extremelysevere, and so this decision by GM makes the situation evenmore difficult for Toyota," Toyota said in a statement kansas city t bones . "We will consider alternatives by taking into accountvarious factors, including the current distressed marketconditions, our overall North American manufacturing capacity,and the viability of the facility as a stand-alone operationwithout GM production," the Japanese automaker said . GM is dropping its Pontiac brand as part of an effort toshed dealers, slow-selling nameplates and debt in a bankruptcythat will effectively nationalize the automaker with a $50billion investment from the Obama administration . Production of the Vibe accounted for less than a quarter ofNUMMI output from the start of the year to mid-June, accordingto data from trade publication Automotive News .
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