Facebook names Marne Levine as first chief business officer

Facebook has named Marne Levine to serve as its first ever chief business officer. 

Levine, who currently serves as the platform’s vice president of global partnerships, business and corporate development, has been at Facebook for more than a decade. She is replacing outgoing Chief Revenue Officer David Fischer.

“It is a privilege to be leading a business that enables economic and social change for our global partners, helping them to create their brand, build their community, and grow their business,” Levine wrote in an Instagram post announcing her promotion.

“I’m prouder than ever to be at one of the most innovative technology companies in the world, one that continues to build new experiences that support our partners and their long term growth.” 

Facebook did not immediately respond to a request for comment regarding Levine’s promotion. 

Levine first joined Facebook in 2010 as its vice president of global policy after a stint as chief of staff for the National Economic Council during the Obama administration.

She wrote in a memo that was obtained by Axios that she will supervise a new business unit that includes all of Facebook’s advertising businesses and global partnerships.

The creation of Levine’s new role comes as Facebook reportedly adjusts its business offerings, raking in more money from services outside of ads.

Facebook is currently under scrutiny over what critics have said are moves that violate antitrust laws as the platform consolidates its sprawling array of services.