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Facebook Says Chief Product Officer Chris Cox to Leave

(Bloomberg) -- Facebook Inc. said on Thursday that Chief Product Officer Chris Cox is leaving, the highest-ranking executive to depart since the social-media giant became embroiled in crisis last year. Cox is leaving following Facebook’s decision to shift the direction of its future products to focus more on encryption. Cox was a critical executive at Facebook, working there for more than a decade, helping design and run the news feed and then rising in the ranks to oversee all product at Facebook. "For a few years, Chris has been discussing with me his desire to do something else," Chief Executive Officer Mark Zuckerberg wrote in a blog.

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