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Facebook undergoes its biggest shuffle at executive level; launches Blockchain div

09-May-2018
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Facebook undergoes its biggest shuffle at executive level; launches Blockchain div

Mark Zuckerberg has ordered one of the biggest management shakeups at Facebook by giving more responsibility to his chief product officer and launching a Blockchain division.


Chris Cox, the chief product officer in charge of the flagship Facebook service, will now also oversee FB's widely used services Instagram, Messenger, and WhatsApp.

This neither changes the role of Facebook CEO, Zuckerberg nor that of Chief Operating Officer, Sheryl Sandberg.

WhatsApp has been given a relatively free hand since Facebook bought it in 2014 but in recent months its two co-founders have resigned, allowing for a possibility for closer integration, say news reports.

Chief Technology Officer Mike Schroepfer and Vice President of Growth Javier Olivan will oversee other consolidated divisions, one related to "new platforms and infrastructure" and another for centralized services such as the ads system, read reports.

David Marcus, the head of Messenger for the past four years, is leaving the role to set up a group to explore how to use blockchain technology across Facebook, he said in a Facebook post.

Stan Chudnovsky, who has been Messenger's product chief, will succeed Marcus as head of the service.

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 as did WhatsApp co-founder, Brian Acton, who left in September.

Kevin Weil, head of product at Instagram, is leaving the job to join Facebook's blockchain division. He will be succeeded by Adam Mosseri, head of the Facebook News Feed, at Instagram. 

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