Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Meta announced on Monday, Feb. 13, that its chief business officer is leaving. The company also revealed new executive appointments for its sales and partnerships.
Meta confirmed that Marne Levine is set to step down after 13 years with the company. As per CNBC, she will vacate her role on Feb. 21 but will stay as an employee until she officially leaves in the summer.
Previously, she has been appointed as vice president of global public policy at Facebook and chief operating officer at Instagram. She also held the vice president of global partnerships, business, and corporate development post at Facebook.
Moreover, a few months before FB was rebranded and announced a name change to Meta, she was named the chief business officer of the social media company. She was indeed an influential executive at Meta who was also credited with driving IG to become one of Meta’s cornerstone apps.
Meta also said that Nicola Mendelsohn and Justin Osofsky were offered expanded roles as senior sales and partnership leaders from this point onwards. They will be directly reporting to the chief operating officer, Javier Olivan.
“From running global policy to growing our Instagram business as the first COO, to leading our ads and business partnerships teams, Marne has been an incredible leader at Meta over the last 13 years,” Olivan said in a press release. “I am grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day.”
The COO added, “Nicola has a strong, well-earned reputation in the ad industry, and Justin has a unique combination of product, operations and business experience that will serve him well in this new role. They are both proven leaders, and we’re fortunate to have them leading this important work and representing the company with our advertisers and partners.”
Photo by: Dima Solomin/Unsplash
