Facebook's head of communications to leave company

SAN FRANCISCO Fri Oct 5, 2012 11:35pm IST

The loading screen of the Facebook application on a mobile phone is seen in this photo illustration taken in Lavigny May 16, 2012. REUTERS/Valentin Flauraud/Files

The loading screen of the Facebook application on a mobile phone is seen in this photo illustration taken in Lavigny May 16, 2012.

Credit: Reuters/Valentin Flauraud/Files

Related Topics

Stocks

   

SAN FRANCISCO (Reuters) - Joe Lockhart, Facebook Inc's (FB.O) head of global communications and a former press secretary for President Bill Clinton, is leaving the social networking company, Facebook said.

Lockhart, who is the latest high-profile executive to depart Facebook following its disappointing initial public offering in May, is leaving 15 months after joining the world's No.1 social network.

A Facebook spokeswoman said that Lockhart is leaving because he decided he wanted to remain on the East Coast, and did not want to move to California, where Facebook is headquartered.

Lockhart's last day at Facebook has not yet been determined. The Facebook spokeswoman said the company hopes to continue to work with Lockhart as an independent consultant.

Lockhart was the chief spokesman and senior adviser to President Clinton between 1998 and 2000, and co-founded the Glover Park Group communications firm in 2001.

Facebook, which announced on Thursday that it had surpassed a billion monthly active users, ranks among the Web's most popular destinations alongside websites owned by Google Inc (GOOG.O), Microsoft Corp (MSFT.O) and Yahoo Inc (YHOO.O).

But the company has faced a rough reception on Wall Street, as concerns about its slowing revenue growth rate has cut its market valuation by more than 40 percent.

Shares of Facebook were down 2.6 percent at $21.37 in midday trading on Friday.

In June, Facebook Chief Technology Officer Bret Taylor announced that he would leave the company, and Facebook's director of platform partnerships and its director of product management have also departed in recent months.

News of Lockhart's move was first reported by the technology blog AllThingsD.com.

(Reporting By Alexei Oreskovic; Editing by Tim Dobbyn)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Wipro Results

People walk in the Wipro campus in Bangalore June 23, 2009. REUTERS/Punit Paranjpe/Files

Wipro sees rosier end to year as U.S. clients spend

India's third-biggest software services firm Wipro Ltd , under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending.  Full Article 

Reuters Showcase

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

Apple-1 Auction

Apple-1 Auction

Early Apple computer sells for $905,000 at auction.  Full Article 

No More Nokia

No More Nokia

Microsoft looks set to drop Nokia name from smartphones.  Full Article 

User Data Security

User Data Security

Apple CEO discusses security with top Chinese official amid hacking claims - Xinhua.  Full Article 

Patent Wars

Patent Wars

Big Tech winning battle with 'patent trolls'.  Full Article 

Record Season

Record Season

FedEx expects record peak volume of 22.6 million packages on Dec. 15.  Full Article 

Yahoo Earnings

Yahoo Earnings

Yahoo ekes out Q3 revenue gain despite display ad weakness.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage