Facebook FB 0.42% Inc. is overhauling its management structure in one of the most extensive corporate makeovers in its 14-year history. Chris Daniels, a Facebook executive who joined in 2011, is taking over WhatsApp following Jan Koum’s announcement last week that he was stepping down. Adam Mosseri, who runs the Facebook news feed and joined the company nearly a decade ago, will move to Instagram, where he will run product. John Hegeman, the Facebook executive who helped create the company’s ad-auction system, will now oversee the news feed. Within this new division, Facebook is creating a new product team focused on privacy that will be run by Facebook’s most senior engineering executive, Jay Parikh, who has been at Facebook since 2009.

Source: Wall Street Journal May 08, 2018 22:49 UTC