Popular social-networking site Facebook has hired David Ebersman, former executive vice president and chief financial officer of biotechnology firm Genentech, as its new CFO.

Ebersman, who starts at Facebook in September, will report to CEO and founder Mark Zuckerberg. Ebersman will oversee Facebook's finance, accounting, investor relations, and real estate functions. He also becomes part of the company's executive management team, Facebook said on Monday.

More: http://pcworld.com/article/167565