Meta Chief Revenue Officer to Leave and Start Own Company

Core Insights - Meta's Chief Revenue Officer John Hegeman announced his departure after 17 years to pursue a new venture, marking a significant leadership change within the company [1][2] - Hegeman expressed confidence in Meta's strong business position and its readiness for an AI-driven future, highlighting the contributions of its workforce [3] Leadership Changes - Andrew Bocking will succeed Hegeman as the product group lead for ads and business messaging, while Naomi Gleit will take over leadership of business artificial intelligence and new monetization opportunities [2] - Hegeman's exit follows other recent executive changes at Meta, including the planned departure of chief AI scientist Yann LeCun and Clara Shih, head of the business AI unit [5] Company Performance and Strategy - Hegeman emphasized that Meta's business is currently robust and well-prepared for future developments in artificial intelligence [3] - The company recently announced a restructuring of its AI unit, which included cutting approximately 600 roles to enhance agility, led by Chief AI Officer Alexandr Wang [6]