Facebook appoints its first chief business officer

Sheryl Sandberg, COO of Facebook, and Marne Levine, COO of Instagram, attend the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 9, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) - Facebook Inc on Thursday appointed Marne Levine, vice president of global partnerships, as the social media giant's first chief business officer.

Fifty-year-old Levine said she will oversee Facebook's advertising business and global partnerships, in a post https://www.facebook.com/marne.levine/posts/10160493765124305. She will report to Chief Operating Officer Sheryl Sandberg.