Airbnb Co-Founder Joe Gebbia to Exit Company But Remains on the Board

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With Airbnb’s backing, Joe Gebbia is pursuing new ventures. He — and his voting power — is still very much involved with the Airbnb board.

Airbnb co-founder Joe Gebbia, who saw his role diminished in recent years, announced he will “step back” from his “full-time operating role” at the company.

Gebbia, 40, who co-founded the company with Brian Chesky and Nate Blecharczyk in 2008 in San Francisco, will remain on the board and continue to serve on the non-profit Airbnb.org, where he is currently chairman.

Gebbia had served as Airbnb chief product officer until several years ago, when he transitioned to Airbnb.org to work on refugee issues.

In his letter to Airbnb employees Thursday, Gebbia wrote: “It’s been an incredible journey I’ve joyfully traversed across my 20s, 30s, and now into my 40s. Yet, like any traveler, I often find myself wondering what else there is to explore. After great consideration, I’ve decided to step back from my full-time operating role at Airbnb.

THIS IS STORY IS BREAKING: Updates coming.

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