Meta Names Company Veteran With Proven Successes As India Chief After Losing Out On Key Officials To Rivals

Meta Names Company Veteran With Proven Successes As India Chief After Losing Out On Key Officials To Rivals
  • 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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