Meta Platforms’ President of Global Communications has been appointed by Nick Clegg.
Mark Zuckerberg, CEO of Meta Platforms Inc., has promoted Nick Clegg to a higher role in the firm, implying that Zuckerberg would be less involved in future policy choices.
According to Zuckerberg, Clegg will be in charge of all policy matters at Meta, including relations with governments and how the firm will publicly advocate for its products and activities.
Zuckerberg will focus on his areas of expertise.
Mark Zuckerberg is shifting his emphasis away from the company’s politics and onto Meta’s technology and products, which he is more familiar with, such as plans for a more immersive version of the Internet called the Metaverse.
“When Nick takes on a new leadership position, it will free up more time and energy for me to focus on the company’s leadership as we develop new products for the future,” Zuckerberg added.
Clegg’s promotion would also allow Zuckerberg to avoid making public pronouncements about current events, which has done little to boost public trust in Facebook.
In New York trade on Thursday, Meta Platforms’ stock declined 3% to $214.18.