Marne Levine, Chief Business Officer of Meta (formerly known as Facebook), has announced that she will be stepping down from her role. The news was announced in a press release issued by the company.
Levine has been with Facebook for over a decade, having joined the company in 2010 as Vice President of Global Public Policy. She later served as Chief Operating Officer of Instagram before being appointed as Chief Business Officer of Meta in 2020.
As Chief Business Officer, Levine was responsible for overseeing a range of business functions at Meta, including global partnerships, sales, marketing, and product monetization. During her time in this role, Levine played a key role in the development and rollout of new products and services, including Facebook Shops and the company's cryptocurrency initiative, Diem.
In a statement, Levine expressed her gratitude for her time at Facebook and her confidence in the company's future. "It has been an honor to work with so many talented and passionate people at Facebook and Meta over the last decade," she said. "I am proud of what we have accomplished together, and I am confident that the company is well-positioned for the future."
Levine's departure comes at a time of significant change for Meta, which is in the midst of a major rebranding effort and is facing increasing regulatory scrutiny around the world. The company is also under pressure to address issues around misinformation and hate speech on its platforms, which have drawn criticism from lawmakers and civil society groups.