Published: Fri, March 15, 2019
Markets | By Otis Pena

Two top Facebook execs are leaving the company

Two top Facebook execs are leaving the company

Cox started off at Facebook as an engineer working on News Feed, but he later moved on to other parts of the company and became one of the biggest leaders at the company after Mark Zuckerberg.

"Since we have now decided on the basic direction of our family of apps for the next few years, I do not plan on immediately appointing anyone to fill Chris's role in the near term", Zuckerberg wrote.

Zuckerberg praised both Cox, a longtime confidant, and Daniels in his post, the latest announcement of top-level changes at the social-networking giant.

Cox on Monday informed the company of his intention to resign, according to a regulatory filing on Thursday.

After CEO Mark Zuckerberg and COO Sheryl Sandberg, Cox is the third highest-ranking executive at Facebook, representing the engineering and product sides of the company.

The company is facing multiple federal investigations over data privacy, stagnating user growth in its most lucrative markets, and a record-low reputation with the public.

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"Whenever there is a shift in strategy, it's not unusual to see some personnel changes", eMarketer analyst Jasmine Enberg said.

FILE PHOTO: Facebook Chief Product Officer Chris Cox speaks at Facebook Inc's annual F8 developers conference in San Jose, California, U.S. May 1, 2018.

Cathcart and Simo worked closely to bring video uploading tools and professional video content to Facebook. It's a huge job for Zuckerberg and all the leaders of Facebook's apps, so it's not going to be an easy job for anyone involved. Instead, Fidji Simo will be appointed as the new head of the Facebook app. Daniels is leaving less than a year after WhatsApp founder Jan Koum resigned in an apparent dispute with Zuckerberg over the future direction of the widely used messaging service.

Daniels took the helm of WhatsApp after founders Jan Koum and Brian Acton left the messaging app previous year, reportedly over disagreements about the increased integration of WhatsApp's operations with Facebook's.

A WhatsApp spokesman declined to comment on Daniels' departure or make him available for comment. They include hardware Vice President Andrew Bosworth, who joined shortly after Cox, as well as decade-long veterans Chief Technology Officer Mike Schroepfer and engineering Vice President Jay Parikh.

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