Airbnb cofounder Joe Gebbia steps down after 14 years

Online hospitality major Airbnb’s Co-founder Joe Gebbia has announced to step down after 14 “wild years” and is set to open a new chapter.

Gebbia, who formed Airbnb more than a decade ago, wrote a letter to employees, saying he will remain on the board of directors but will transition to an advisory role, supporting co-founders Brian Chesky and Nathan Blecharczyk on “the roadmap, future concepts, and creative culture.”

Gebbia was earlier the chairman of Samara, Airbnb’s design studio, and Airbnb.org, the company’s nonprofit foundation.