The Strategist

Facebook says goodbye to top managers


03/19/2019 - 13:42



Last week, Facebook shares fell 2.46% to $ 165.98 per share. The reason was the news that Facebook product development director Chris Cox and WhatsApp vice president Chris Daniels decided to leave the company.



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Chris Cox was one of the first developers of Facebook and has worked in the company for 13 years. Zuckerberg told about departure of the colleagues in his letter to the employees, published on the website of the company. At that, he once again drew attention to the fact that from now on Facebook plans to fully focus on the "privacy and security of its users."

“At the moment we have made real progress on many issues, and we have a clear plan for developing applications, the main aspect of which will be security of messages between our users, which includes ensuring encryption and full integration of our services,” Zuckerberg wrote. “We are entering the next chapter in development of our company, and Chris Cox decided that it was time for him to leave.”

According to Zuckerberg, Cox played an integral role in Facebook. He developed the news feed and Facebook application, and from 2018 he oversaw development strategy for all the services of the group, including Facebook, Instagram, Messenger, and WhatsApp.

Increasingly more key figures are leaving Facebook. Recall that Instagram co-founders Kevin Systrom and Mike Krieger resigned not so long ago.

In his farewell post, Cox hinted that his decision to leave was prompted by Facebook’s new policy promoted by Zuckerberg.

“As Mark noted, we are starting a new page in development of our product, focusing on an encrypted integrated messaging network... This will be a big project, and companies will need new leaders who will be happy to bring ideas to life,” Cox said in his farewell letter.

Zuckerberg also announced that Fidji Simo will head the Facebook application as part of the restructuring.

“I do not plan to immediately appoint someone to the position of Chris in the near future. Instead, the leaders of Facebook (Fidji Simo), Instagram (Adam Mosseri), Messenger (Stan Chudnovsky) and WhatsApp (Will Cathcart) will report directly to me, and our marketing director (Antonio Lucio) will report directly to Sheryl Sandberg,” Zuckerberg explained.

source: bloomberg.com




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