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Facebook Is Losing One of Its Most Important Executives

In a surprise announcement, Facebook (NASDAQ: FB) CEO Mark Zuckerberg revealed yesterday that the social networking giant was losing two prominent executives: Chief Product Officer Chris Cox and WhatsApp chief Chris Daniels. With the exception of some high-profile exits of founders of acquired apps in recent years, Facebook's management team has been rather stable. Cox has been with the company for nearly 14 years, originally joining in 2005 as a News Feed engineer and working his way up to the highest echelons of the most powerful social networking company on Earth. Cox is also a core part of Facebook's internal culture (he still regularly gives orientations to new hires). As part of Facebook's major restructuring last year, the company formed a "family of apps" division that included Facebook, WhatsApp, Messenger, and Instagram, with the leaders of all services reporting directly to Cox.

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