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Facebook shuffles execs of key apps in biggest reorganization

Published 05/08/2018, 04:29 PM
© Reuters.  Facebook shuffles execs of key apps in biggest reorganization
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  • Facebook (NASDAQ:FB) has launched a heavy reorganization, shuffling leaders of its key apps in a move to shake up the company and improve executive communication and user privacy.
  • The product and engineering groups are being reorganized into three main divisions, Recode reports. Chris Cox, who was in charge of the core Facebook app, will run a new "Family of apps" group, giving him oversight of the core app, Instagram, WhatsApp and Messenger.
  • Messenger chief David Marcus will move to lead a new blockchain group under a division called "New platforms and infra," to include AR, VR and AI and be led by CTO Mike Schroepfer.
  • The third group, "Central Product Services," will be led by growth VP Javier Olivan.
  • Shares are only moving fractionally after hours.
  • Now read: Facebook: Still A Cash Generating Machine


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