Facebook shuffles execs of key apps in biggest reorganization

  • Facebook shuffles execs of key apps in biggest reorganization

Facebook shuffles execs of key apps in biggest reorganization

As expected Mark Zuckerberg remains the man in charge as the Facebook CEO people who are going to report on various Facebook products and services have been moved around.

Kevin Weil, head of product at Instagram, is leaving that job to join Facebook's blockchain division, and Adam Mosseri, head of the Facebook News Feed, will succeed Weil at Instagram, the company said.

Facebook itself, Instagram, WhatsApp, and Messenger all fall into the first category - they're the core, consumer-facing smartphone apps that Facebook offers.

Facebook's chief product officer, Chris Cox, has been promoted to oversee all of the company's apps.

Facebook "established its biggest executive shakeup in its 15-year history this week", Recode wrote about Tuesday, a rearrangement that will incorporate another blockchain exertion and intends to address security concerns. After the departure of WhatsApp cofounder Jan Koum, Chris Daniels is taking over the encrypted messaging app, and Stan Chudnovsky is now heading up Messenger.

The only official announcement from Facebook noted that its board was adding a private-equity executive, Jeff Zients, CEO of The Cranemere Group, an investment and holding company. A lot of blockchain enthusiasts are convinced this technology will make a positive impact on social media in general.

The spokesperson pointed Quartz to the diversity report Facebook releases annually, where the company acknowledges that it still has "a long way to go" on these issues.

After the Cambridge Analytica data scandal, Facebook has warned investors that more users' data scandals in the future may adversely affect the social networking giant's reputation and brand image. Will Cathcart will become head of Facebook's core application, the company said.

Chief technology officer Mike Schroepfer, .

The blockchain move was confirmed on Twitter by David Marcus, who will lead the new experimental group. The third new division, called Central Product Services, will be overseen by Javier Olivan, now the company's VP of growth. Marcus stays to the board supervisors of Coinbase, a market to get cryptocurrency (which employs the block-chain as its underlying technology), also joined Facebook from pay pal in 2014.

Jay Parikh: Will oversee a new product team focused on privacy.