Laurence Tosi

Laurence Tosi
Tosi in 2015
Born 1968 (age 49–50)
Education B.A., M.B.A., and J.D. Georgetown University
Known for Chief Financial Officer of Airbnb

Laurence A. Tosi (born 1968) was the Chief Financial Officer of Airbnb from August 2015 to February 2018. Prior to joining Airbnb, he was the CFO of The Blackstone Group and held several roles at Merrill Lynch including Chief Operating Officer and Managing Partner.[1]

Early life and education

Laurence Tosi was born on February 8, 1968.[2] He put himself through school to get his Bachelor's degree in 1990 and one of the youngest ever to get his JD./M.B.A. in 1994 from Georgetown University, which he called a financial "struggle."[3] Tosi has become a major donor to the school and to the 1789 scholarship fund and is one of the youngest Board members in the history of the University.[3]

Business career

After law school, Tosi practiced corporate law; and then went to work for General Electric as the director of business development for GE's CNBC and NBC divisions.[3][4] He then worked for Merrill Lynch as chief operating officer of their trading and investment banking division.[3] In June 2008, he became CFO of the Blackstone Group.[3] In January 2011, Tosi was offered the job of CFO at Apple by Steve Jobs, but turned it down. Apple had a large amount of cash reserves, and felt that Tosi would bring acquisition experience.[5] Before joining Airbnb, Tosi was on the short list of Blackstone senior executives being groomed to take over the role of Chief Executive when Stephen Schwarzman retires.[6]

Tosi served as CFO at Airbnb from July 2015 to his departure in February 2018. He left the company to dedicate a greater amount of time and energy to his investment fund, Weston Capital Partners, and to dedicate additional time to the several boards of which he was a member.[7]

References

  1. ↑ "Stocks". Bloomberg.com. Retrieved 2018-02-02.
  2. ↑ "Inside Airbnb's Battle to Stay Private". Bloomberg. 2018-02-06. Retrieved 2018-02-06.
  3. 1 2 3 4 5 "The Amazing Life Of The Guy Apple Tried To Poach: Blackstone CFO Laurence Tosi". Business Insider. 2011-01-06. Retrieved 2013-12-22.
  4. ↑ "Our People". Blackstone.com. Retrieved 2013-12-22.
  5. ↑ Keoun, Bradley (2011-01-06). "Apple Is Said to Have Approached Tosi About CFO Job". Bloomberg. Retrieved 2013-12-22.
  6. ↑ Roumeliotis, Greg (2012-08-27). "Exclusive: Blackstone grooms six executives for Schwarzman's job". Reuters. Retrieved 2013-12-22.
  7. ↑ Bosa, Deirdre (2018-02-01). "Airbnb loses CFO Laurence Tosi, company says it won't go public this year". CNBC. Retrieved 2018-02-02.
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