Airbnb Inc. CFO Laurence Tosi is leaving the home-rental companyamid tensions and a shakeup in the senior ranks. His departureraises questions about the timeline for an initial public offering(IPO), which now won't come until next year at the earliest.

The San Francisco company said Thursday that it named BelindaJohnson as chief operating officer. Johnson, 50, joined Airbnb in2011 as the first executive hired by co-founder and CEO BrianChesky. As chief business affairs and legal officer, Johnson ledefforts to work with city governments and is at the forefront ofthe company's many legal battles.

“The COO is one of the most critical positions in any company,”Chesky said in a statement. “Before the holidays, I made a decisionabout who was right for this role, and I'm incredibly excited toannounce that we have appointed Belinda Johnson.”

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