Sunday, 22 July 2018

Facebook makes serious management shakeup

FB

LONDON: Facebook confirmed an unprecedented management team shakeup in the aftermath of a major data privacy scandal that has rocked the social network.

Co-founder Mark Zuckerberg remained chief of Facebook, with chief operating officer Sheryl Sandberg his second-in-command.

Chris Cox, a longtime member of Zuckerberg’s inner circle, was put in charge of Facebook’s core application as well as smartphone services Instagram, WhatsApp, and Messenger, the California-based company confirmed.

The major shuffling of executives was first reported by technology news website Recode.

Facebook reshaped its product and engineering teams into three units, including an emerging technologies division focused on blockchain technology used for cryptocurrencies.

David Marcus said in a post on the social network that, after four years in charge of Messenger, he is “setting up a small group to explore how best to leverage blockchain across Facebook.”

He expressed confidence in his Messenger successor, whom he identified as Stan Chudnovsky.

Longtime Facebook executive Javier Olivan will be in charge of a “central product services” division handling features such as security and ads that are common to various services run by the social network, according to Recode.

While more than a dozen executives saw their jobs change, none appeared to be leaving the company, US media reports indicted.

WhatsApp co-founder Jan Koum last month announced his departure from Facebook, which bought the smartphone messaging service four years ago for $19 billion.

Check Also

Stock markets mostly drop, pound extends losses

LONDON: Stock markets mostly fell Thursday, as the US Federal Reserve chief’s upbeat assessment of ...

Leave a Reply