Zuckerberg seems to be employing a tactic he has endorsed in the past: promoting from within the company. - CNBC News

May 10, 2018

How restructuring Facebook lets Mark Zuckerberg make one of his favorite business moves
Zameena Mejia
 Mark Zuckerberg, chief executive officer and founder of Facebook Inc., waits to begin a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C. Facebook announces major reorganization 
Facebook announced its biggest executive restructure in its 15-year history on Tuesday as part of CEO Mark Zuckerberg's mission to "fix" the company. The change-up will move longtime Facebook executives from their current roles into new positions.

Zuckerberg seems to be employing a tactic he has endorsed in the past: promoting from within the company.

"Everyone who's going to be a VP or product group lead here really needs to earn that," Zuckerberg told LinkedIn founder Reid Hoffman in an interview for the Masters of Scale podcast. "That, I think, ends up being really powerful for the culture."

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@Recode
 Facebook is making its biggest executive shuffle in company history: https://www.recode.net/2018/5/8/17330226/facebook-reorg-mark-zuckerberg-whatsapp-messenger-ceo-blockchain?utm_campaign=recode.social&utm_content=recode&utm_medium=social&utm_source=twitter …

9:00 PM - May 9, 2018

Facebook's reorganization is meant to address privacy concerns as well as support its latest efforts to focus on blockchain.

Zuckerberg told Hoffman that drawing on internal talent has been an effective, long-held strategy for Facebook. "Making sure that people have opportunities to grow," he said, is one of his top priorities.

Chief product officer Chris Cox first started out at Facebook as a software engineer, for example. Cox's new role, one of the more notable shifts, will give him more responsibility over the product teams.

Vice president of social good Naomi Gleit started out as a marketing associate and is now among Facebook's most influential female executives. And former Paypal CEO and Facebook Messenger executive David Marcus will switch to the company's new blockchain team.