Facebook appoints its first chief business officer

Reuters

Posted at Jun 04 2021 08:28 AM

Facebook appoints its first chief business officer 1
The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. Johanna Geron, Reuters/Illustration/File Photo

Facebook Inc on Thursday appointed Marne Levine, vice president of global partnerships, as the social media giant's first chief business officer.

Fifty-year-old Levine said she will oversee Facebook's advertising business and global partnerships, in a post.

She will report to Chief Operating Officer Sheryl Sandberg.

Facebook appoints its first chief business officer 2
Marne Levine. Photo: Facebook

In Levine's over a decade-long stint at the company, she has served in various executive positions including chief operating officer of Instagram.

Facebook's Chief Revenue Officer David Fischer, who oversaw the advertising business and managed sales and marketing teams worldwide, said earlier this year he will leave the company towards the end of 2021. 

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