2 top Facebook executives depart the company

2 top Facebook executives depart the company

In his latest role as product chief, a position he held for 10 months, Cox led strategy for the company's family of apps.

Mr Cox was one of Facebook's first software developers and one of the chief architects of the news feed, the cascade of Facebook posts that is the company's most lucrative source of advertising.

The leadership shuffle comes a week after Facebook CEO and co-founder Mark Zuckerberg announced that the world's largest social network is focusing more on private messaging and ephemeral content.

Cox, who dropped out of a Stanford University graduate degree program to work with Zuckerberg when the company had just 15 engineers, was widely seen as one of the most popular and capable executives at the social network - and a potential replacement CEO, were Zuckerberg to leave.

Will Cathcart was announced as the new lead on WhatsApp, while Zuckerberg, apparently consolidating power as he prepares to merge the apps in some way or another, states he does "not plan on immediately appointing anyone to fill Chris's role in the near term". He pocketed $310 million in gains from exercising Facebook stock options from 2014 through 2017 alone, according to the company's filings with securities regulators.

Zuckerberg said he has no plans to replace Cox, though Daniels will be replaced by Will Cathcart, another longtime Facebook veteran.

He's joined on his way out the door by Chris Daniels, Vice President of WhatsApp.

Product officer Chris Cox speaks at the first day of the social media week at the Landmark centre in Lagos Nigeria. Two top Facebook executives are leaving the company including Cox who

Facebook isn't hiring another executive to replace Cox.

That effort will include introducing WhatsApp encryption technology to Facebook's Messenger app and Instagram's messaging option.

Perhaps more than anyone else at Facebook - even more than COO Sheryl Sandberg - Cox was a sounding board for Zuckerberg on product ideas. Zuckerberg is also promising to make photos and posts automatically disappear from public view.

He said the new head of the Facebook-owned application would be Fidji Simo, who was previously in charge of video, games and monetization at Facebook.

Forrester analyst Jessica Liu said it sounded like Cox was "subtly disagreeing" with Zuckerberg's privacy memo, based on Cox's farewell post.

Cox gained greater oversight of WhatsApp and Instagram following the exits of their founders over the last two years.

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