Fb Office government departing to hitch enterprise capital agency

The top of Fb’s Office enterprise software program unit has left for enterprise capital, changing into the newest high-profile departure from the social media firm in 2021.

Julien Codorniou, who was vp in command of Office, stated on Tuesday that he left Fb for Felix Capital, a enterprise agency in London. Codorniou led Office for the reason that launch of the service in 2016, becoming a member of Fb 5 years earlier as a director on the platform partnerships staff.

Fb, now referred to as Meta, has handled a wave of exits this 12 months. The corporate faces elevated regulatory scrutiny and a serious public relations problem following the discharge of inner paperwork and information stories illustrating how a lot Fb is aware of concerning the harms attributable to its providers.

Deborah Liu, previously the top of Fb Market, left in February to grow to be CEO of Ancestry.com. David Fischer, who was chief income officer, introduced his departure in March, as did Kevin Weil, one of many co-founders of Fb’s Novi cryptocurrency division.

The corporate’s former adverts chief, Carolyn Everson, introduced she could be leaving in June and later went to grocery supply app Instacart as president. Fidji Simo, who was head of of the Fb app, grew to become CEO of Instacart after leaving Fb in July.

Mark D’Arcy stepped down from his function as chief inventive officer in August, and the following month Fb’s expertise chief Mike Schroepfer stated he could be leaving the corporate. Final month, David Marcus, the top of Fb’s cryptocurrency efforts, introduced his coming departure on the finish of the 12 months.

In becoming a member of Felix Capital as a associate, Codorniou informed CNBC he’ll lead the agency’s investments in gaming and enterprise software program firms.

“I hope I can transfer from being an operator at Huge Tech to serving to and funding the following technology,” he stated.

Earlier than becoming a member of Fb, Codorniou spent six years at Microsoft. After 17 years at massive tech firms, Codorniou stated he is able to do one thing extra entrepreneurial. 

In Codorniou’s time working Office, the product elevated its attain to 7 million paid subscribers. Codorniou stated the executives now in command of the enterprise can maintain it rising.

“They’re individuals who can go from the place we’re proper now to 10x that,” he stated.

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