Facebook is promoting VP of product growth and analytics Alex Schultz to be the new CMO. Schultz has been with the company since 2007 and announced the move Tuesday. He will fill the position left open by Antonio Lucio, who joined the company from HP in 2018 and announced his departure last month. Schultz plans to bring “experience in segmentation, targeting and measurement” to the table to extend Facebook’s already massive reach.

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