News

Facebook shuffles top management, eyes Blockchain

 San Francisco, May 9: Mired in a massive data breach controversy, Facebook has reportedly rolled out biggest-ever shuffle at the senior management level since its inception — across platforms, including WhatsApp and Messenger. According to tech news website Recode, Facebook has made long-time executive Chris Cox in-charge of Facebook, Instagram, WhatsApp and Messenger — now called a “family of apps”. “Facebook is also building a new team dedicated to Blockchain technology. David Marcus, the executive in-charge of Facebook’s standalone messaging app, Messenger, is leaving that post to run the Blockchain group,” the report said late on Tuesday.

The Blockchain team would come under “New platforms and infra” run by Chief Technology Officer (CTO) Mike Schroepfer, who will also take care of Facebook’s AR, VR and Artificial Intelligence initiatives. Facebook executive Javier Olivan, Vice President of Growth, will oversee the third division titled “Central product services”. This vertical will include shared features that operate across multiple products or apps such as ads, security and growth. “Adam Mosseri, the Facebook product executive who runs News Feed, is headed over to Instagram to become the company’s new VP of product,” the report claimed. Meanwhile, Chief Operating Officer Sheryl Sandberg will keep her duties.
Facebook on Tuesday announced the appointment of Jeff Zients, CEO of Cranemere, to the company’s board of directors and audit committee, effective May 31. (IANS)