Meta Platforms Business Chief Marne Levine to Leave
February 13 2023 - 12:35PM
Dow Jones News
By Denny Jacob
Facebook parent Meta Platforms Inc. on Monday said Chief
Business Officer Marne Levine would leave the company later in the
year.
The social-media company said Ms. Levine would step down from
her role on Feb. 21 and would remain an employee until she departs
in the summer as part of the transition.
Meta said Nicola Mendelsohn and Justin Osofsky would expand
their roles as the company's most senior sales and partnership
leaders going forward.
The departure at Meta marks the latest one to take place, most
notably with Javier Olivan taking over as chief operating officer
following Sheryl Sandberg's departure in 2022.
It also comes as the company is undergoing a series of changes.
Meta in November announced an 11,000 worker layoff in a cost
cutting measure echoed by many other technology companies. Chief
Executive Mark Zuckerberg this month outlined a focus on efficiency
going forward and announced other investor-friendly moves including
buying back an added $40 billion in shares and cutting
expenses.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 13, 2023 12:20 ET (17:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Meta Platforms (NASDAQ:META)
Historical Stock Chart
From Mar 2024 to Apr 2024
Meta Platforms (NASDAQ:META)
Historical Stock Chart
From Apr 2023 to Apr 2024