- Meta Platforms, Inc META appointed Sandhya Devanathan as the new head of its business in India following several high-profile departures in its critical overseas market, TechCrunch reports.
- Devanathan joined the firm in 2016 and helped build the company's Singapore and Vietnam businesses.
- She will report to Dan Neary, Vice President at Meta Asia-Pacific.
- Also Read: Indian Telecom Giant Collaborates With Google Over Budget Smartphones In $25B 5G Push, Launch Grocery Shopping On WhatsApp
- The new reporting hierarchy is a shift for the firm, which earlier saw Indian executives directly report to the U.S. leadership.
- In 2020, Devanathan moved to lead the company's gaming efforts in the Asia-Pacific region.
- With over half a billion Indians using Meta services, India is the largest market for the American giant.
- Ajit Mohan, the former head of Meta India, left Meta late last month to join rival Snap Inc SNAP as its Asia-Pacific business president.
- WhatsApp India head Abhijit Bose and Meta India's Public Policy head Rajiv Aggarwal stepped down earlier this week.
- Aggarwal assumed a similar role at Samsung Electronics Co, Ltd's SSNLF local unit.
- Even as the parent firm Meta has impressively grown its finances in India, its WhatsApp service lagged in its mobile payments market.
- Price Action: META shares traded lower by 1.90% at $111.04 in the premarket on the last check Thursday.
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