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Meta’s Chief Revenue Officer is leaving the company to start his own startup, after serving in the role for one year
- John Hegeman who has been Meta’s Chief Revenue Officer (CRO) since December 2024 is leaving the company to start his own startup.
- Hegeman has been with the company for over 17 years.
- As CRO, Hegeman was reporting to Meta’s chief operating officer Javier Olivan.
- Andrew Bocking, who has been at Meta for over 10 years and was recently its VP of monetization (in charge of ads product and strategy) will take over Hegeman’s roles.
Assessment
The departure may be part of the ongoing leadership changes as the company comes under pressure to deliver on its costly AI- strategy. While it seems to be managing transition well, employee turnover at the company is something to monitor closely as executives at Meta’s SuperIntelligence Lab (MSL) get more attention from CEO Mark Zuckerberg.