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19.11.2016 12:19:43
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Facebook Authorizes $6 Bln Buyback; CAO Jas Athwal To Resign
(RTTNews) - Facebook, Inc. (FB) board of directors authorized to repurchase up to $6.0 billion of its Class A common stock. The repurchase program will go into effect in the first quarter of 2017 and does not have a fixed expiration, the company said in the filing.
Separately, the company announced that its chief accounting officer or CAO, Jas Athwal, would resign effective Feb. 17, after nearly 9 years with the company. The company said it plans to launch a search for a new CAO, and Athwal will assist with the transition.
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