Next change for Facebook: New board director, executives reshuffled

Share

Photo As Facebook's chief product officer, Chris Cox will oversee key products, including the social network itself, Instagram, Messenger and WhatsApp.

Facebook is also researching future applications of blockchain technology, with a small unit of employees dedicated to the tech.

Javier Olivan, Facebook's VP of growth, will manage the "Central Product Servces", division. It is the first time Facebook is going through such a big executive shake-up in its 15-year history. A spokesperson for Facebook confirmed the moves to CNN.

According to CNBC, Facebook will now operate under three divisions: a "family of apps" group (including Facebook, Instagram, WhatsApp and Messenger), a new platforms division (including a blockchain technology team, augmented and virtual reality, enterprise technology and artificial intelligence) and a "central product services" team, which covers shared resources like ads, data analytics and security.

Chris Daniels, who has been in charge of a Facebook effort to expand Internet access, will be the head of WhatsApp, succeeding Jan Koum, the WhatsApp co-founder who quit the company last week.

The report comes as Facebook has confronted aftermath over information protection and "phony news", in the midst of disclosures of information deals to outside firms like Cambridge Analytica, and proof of Russian decision impedance.

More news: Hezbollah, Allies Gain Seats in Lebanon Parliament Vote, Unofficial Results Show

If adding a blockchain initiative to its arsenal is part of the solution for Facebook, it may encounter greater governmental scrutiny as a result. Andrew Bosworth will oversee AR and VR, while Jerome Pesenti is leading AI.

In an online post, David Marcus, the head of Messenger, said that he is leaving his current role to set up a group in order to explore blockchain technology. Those three sections are being led by Mark Rabkin, Alex Schultz, and Naomi Gleit respectively.

"This is an important time for Facebook as we take a broader view of our responsibility, and Jeff's experience will help us navigate the challenges we face", said Zuckerberg.

USA media reports indicated that a disagreement with Facebook over the privacy of user data may have also been a factor in Koum's decision to quit his position as a high-ranking executive and likely leave his seat on the board at the leading online social network.

Do you work for Facebook?

Share