Facebook says interim ads chief will fill role permanently
- Solid Microsoft forecast, tech strength push Nasdaq higher
- Alphabet (GOOGL) Tops EPS and Revenue Estimates But Shares Dip on YouTube and Cloud Miss, Analysts See Positive Risk/Reward Despite High Expectations
- Oil drops more than 1% as U.S. stockpiles rise sharply
- Microsoft (MSFT) Stock Gains on Strong FQ1 Results and Guidance, Analysts Raise Price Targets on Azure and Windows Outperformance
- Goldman Sachs Expects Coca-Cola (KO) Stock to Outperform Today After Strong Q3 Results
FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
(Reuters) - Facebook Inc said Wednesday it appointed Nicola Mendelsohn as its new head of global business group to oversee the social media company's vast advertising business.
Mendelsohn has filled the role on an interim basis since June, after the departure of former ads chief Carolyn Everson. She previously served as vice president of Europe, Middle East and Africa.
The news comes during a tumultuous period for Facebook, after a whistleblower testified before the U.S. Senate last week that Instagram caused mental health harm to teens, and revealed she had leaked thousands of internal documents that served as the basis of a Wall Street Journal investigation.
Facebook said Mendelsohn, currently based in London, will relocate to New York.
(Reporting by Sheila Dang in Dallas; Editing by Nick Zieminski)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Facebook (FB) option IV comes on more calls than puts
- Facebook (FB) Stock Gains Despite Missing on Q3 Revenue and Q4 Guidance, Analysts Lower PTs But Remain Positive as IDFA Headwinds Though Not as Bad as Feared
- Setback for Nvidia's $54 billion ARM bid as EU regulators open probe
Create E-mail Alert Related CategoriesManagement Changes, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!