Meta's Chief Business Officer Marne Levine quits after 13-year stint
Marne Levine, appointed as the company's first chief business officer in 2021, has served in various other executive positions at the social media company, including chief operating officer of Instagram.
Meta Platforms (META.O) said on Monday Chief Business Officer Marne Levine was leaving the owner of Facebook after a 13-year stint.
Fifty-two-year-old Levine, appointed as the company's first chief business officer in 2021, has served in various other executive positions at the social media company, including chief operating officer of Instagram.
The company said it expanded Nicola Mendelsohn's role as head of global business group and named Justin Osofsky as head of online sales, operations and partnerships, in the wake of Levine's imminent departure.
Mendelsohn will handle the company’s relationships with top marketers and agencies for all of its apps, while Osofsky will be leading sales and operations focused on growing small- and medium-sized businesses on Meta's platforms.
The changes come at a time when Meta has promised to cut costs by $5 billion in the year to a range of $89 billion to $95 billion, calling 2023 the "Year of Efficiency".
Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Odisha Lok Sabha Election Results 2024 Updates: Odisha Parliamentary and assembly election exit poll results set to announced today; eyes on BJD and Naveen Patnaik
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
Top 5 Defence PSU Stocks: Investors buying 1 unit of top PSU defence stock a month made Rs 40,299.40 on Rs 23,003.25 investment in 1 year
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
07:52 AM IST