Facebook key business executive David Fischer to depart

Facebook key business executive David Fischer to depart

Facebook Inc. Chief Revenue Officer David Fischer, one of the company’s highest ranking executives under Chief Operating Officer Sheryl Sandberg, is leaving after more than a decade.Fischer announced his planned departure to employees Tuesday morning. As chief revenue officer, he oversees advertising and marketing efforts for business products and has been heavily involved in some of the social media company’s largest deals, including its recent $5.7 billion investment in India’s Jio Platforms. 

Fischer also supervises Facebook’s operations in India, its largest market and one of its most important for messaging and shopping. The company reported that sales jumped 22% to almost $86 billion in 2020.Facebook will look internally and externally to fill Fischer’s position, a company spokeswoman said. He is expected to remain in his position until the fall, and he will help transition his replacement, the spokeswoman added.

News Source: Hindustan times

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