Facebook (FB) CTO to Step Down

On September 20, 2021, Mike Schroepfer informed Facebook, Inc. (NASDAQ: FB) of his intention to resign from his position as Chief Technology Officer of Facebook after a transition period. In 2022, Mr. Schroepfer will become a Senior Fellow at Facebook, in which role he will work on initiatives such as recruiting and developing technical talent and fostering the company's artificial intelligence investments. The effective date of the transition and the compensation terms of such arrangement have not yet been determined

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