Economy

Facebook loses two key executives

Facebook loses two key executives”

Facebook, which has been embroiled in a series of scandals, is losing two more top executives as it focuses on building a more "privacy-focused social platform". In addition to Cox's departure, Chris Daniels, the head of WhatsApp, is also leaving the company.

Facebook Inc's chief product officer and one of its earliest employees, Chris Cox, said on Thursday he is leaving the company, just days after Chief Executive Officer Mark Zuckerberg revealed a plan to pivot the world's biggest social network to an encryption-focused messaging company. He joined 13 years ago and helped create Facebook's news feed feature.

The CEO reiterated that the company is organizing around a "privacy-focused" emphasis on private messaging, which he announced last week. In a note to employees about Cox's departure, Zuckerberg said Cox had been talking to him for a few years about doing something else but chose to stay after 2016 to help improve the social network.

A long-time Zuckerberg confidante, Cox's departure timing suggests he may not have been on board with the new corporate vision. "But after 2016, we both realized we had too much important work to do to improve our products for society, and he stayed to help us work through these issues and help us chart a course for our family of apps going forward", Zuckerberg wrote.

The departures follow the resignations of Instagram founders Kevin Systrom and Mike Krieger and WhatsApp's co-founder Jan Koum a year ago. "Instead, the leaders of Facebook (Fidji Simo), Instagram (Adam Mosseri), Messenger (Stan Chudnovsky), and WhatsApp (Will Cathcart) will report directly to me, and our Chief Marketing Officer (Antonio Lucio) will report directly to Sheryl". Instagram co-founders Kevin Systrom and Mike Krieger, WhatApp's Brian Acton and Jan Koum and Oculus co-founder Palmer Luckey have also departed.

Cox's departure comes as Facebook is under fire on a number of fronts.

"As Mark has outlined, we are turning a new page in our product direction", Cox wrote in a statement.

Zuckerberg said on Thursday that Olivan will now lead the effort to integrate Facebook apps, a key move as the company encrypts conversations on more of its messaging services and makes them compatible.



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