07 June 2016 Current Affairs: Facebook India has appointed Umang Bedi as managing director. He will take over from Kirthiga Reddy, who will be returning to the US to take on a new role at the company’s Menlo Park headquarters.
Bedi has close to two decades of leadership experience covering sales, marketing and partnerships with multinational companies.Prior to joining Facebook, he was the managing director, South Asia, at Adobe. He was responsible for making India one of Adobe’s leading markets.
India is known for its great talent pool and we are really pleased to have Umang Bedi, a proven business executive, to lead our business in India. I also want to wish Kirthiga the very best in her new global role. Kirthiga has played a huge and key role in building our India business from scratch, and I know she will continue to deliver the same impact in the US,” said Dan Neary, vice president, Asia Pacific, Facebook.
He added, Facebook is where people and businesses connect on mobile and with close to 150 million monthly active people in India, we see significant opportunities to help Indian business large and small deliver against their business objectives in the mobile world.
An engineering graduate from the University of Pune, Bedi is also an alumnus of Harvard Business School and the recipient of the prestigious ‘40 Under Forty: India’s Hottest Business Leaders Award 2014’ given by The Economic Times and Spencer Stuart in 2014.
Reddy is set to join the Global Accounts team at Menlo Park, California, where she will manage a set of global brands and also lead the emerging markets efforts globally for the Global Accounts team, which manages Facebook’s relationships with the world’s largest global advertisers.
This also puts an end to the speculation triggered by a report published in The Economic Times on Tuesday that said Microsoft India’s Karan Bajwa was to join Facebook India. A Facebook spokesperson had told Mint earlier that “the ET story is off by many miles. We will let you know when a successor is appointed.