Meta’s Chief Revenue Officer Exits in Broad Leadership Reshuffle

Meta Platforms Inc. Chief Revenue Officer John Hegeman is leaving the social networking leader, one of several leadership changes at a company under pressure to deliver on a costly AI strategy.

Hegeman, who assumed his position in December after 17 years at Meta, is leaving to start his own company, a spokesperson said. His key responsibilities will fall to another longtime Meta exec, Andrew Bocking.

Clara Shih, who just joined Meta last November to lead the company’s Business AI unit, is also departing. Shih decided to step back from her role after the unexpected death of her father ...