Facebook Inc. chief accounting officer resigns

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Social media giant Facebook Inc. Chief Accounting Officer Jas Athwal had resigned, effective on February 17.

Athwal has spent nearly nine years at the company and was formerly the director of revenue at Yahoo Inc.

The company said it planned to launch a search for a replacement.

The company also said on Friday that it had set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017.

Facebook’s shares were up 1.1 percent at $118.24 in after-hours trading. The company had a market value of about $337 billion at close.

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