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Facebook appoints its first chief business officer.

Facebook Inc has appointed Marne Levine as its new chief business officer, a new post in the executive ranks of the tech-giant. 

Prior to the new role, Levine was the vice president of global partnership at Facebook. As chief business officer, she will now report to Chief Operating Officer Sheryl Sandberg.

Earlier Levine has also served as Instagram's chief operating officer. She has been with Facebook for over a decade.

This is a new position overseeing Facebook’s advertising business and global partnerships.

Earlier this year, Facebook's Chief Revenue Officer David Fischer, who oversaw the advertising business and managed sales and marketing teams worldwide said, he will leave the company towards the end of 2021.

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