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Facebook names new CMO

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Facebook promoted its vice president of product growth and analytics to chief marketing officer.

A company employee since 2007, Alex Schultz fills the role left open by Antonio Lucio. Last month, Lucio said he was leaving Facebook to “dedicate 100% of my time to diversity, inclusion and equity.”

Schultz said he would bring “experience in segmentation, targeting and management" to the position.

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