The former deputy prime minister of the United Kingdom is now one of Meta's most powerful people

Nick Cregg Image Source

The former deputy prime minister of the United Kingdom is got a promotion on meta. He is now one of the powerful men in meta.

Nick Clegg, who was once Britain's second most powerful man, is now one of the most important figures at Meta, the company that used to be known as Facebook.

On Wednesday, Meta CEO Mark Zuckerberg elevated the former deputy prime minister to the role of president of global affairs, putting him in charge of "all policy matters" as the company grapples with a wave of new worldwide rules. Clegg formerly worked as Vice President of Global Affairs.

Formerly the leader of Britain's centrist Liberal Democrats, the Cambridge University graduate joined Facebook in 2018 as head of policy and communications.

He will now be in the power of actions that will have an impact on the billions of users who use Meta's Facebook, Instagram, Messenger, WhatsApp, and Oculus platforms.

Zuckerberg said he wanted the 55-year-old to be a senior leader "at the level" of himself and COO Sheryl Sandberg, who has long been seen as the company's second-in-command.

"Nick will now lead our company on all policy topics," Zuckerberg stated on his own Facebook page, "including how we communicate with governments as they explore adopting new policies and regulations, as well as how we make the case publicly for our products and our work."

Clegg will now report directly to Zuckerberg, as well as Sandberg, to whom he previously reports. He also stated that the appointment will allow him and Sandberg to take a step back from policymaking and focus on developing new products and growing the business.

"A lot of people around the world care about the work we do at Meta," Zuckerberg remarked. "We're at the core of a lot of technological and societal debates."

Meta is trying to business change to build the metaverse, a hypothetical virtual world where people can live, work, and play through digital avatars. Clegg's appointment comes as Meta attempts to pivot to building the metaverse, a hypothetical virtual world where people can live, work, and play through digital avatars.

Although the metaverse is still in its infancy, numerous difficult policy issues are likely to arise as a result of its evolution. Multiple complaints of harassment have already been reported on various metaverse platforms.

Heightened Awareness

Following issues including privacy, content moderation, data leaks, political meddling, and kid safety, Meta has grown increasingly unpopular with lawmakers around the world.

"Our existing and future goods will continue to be a source of strong societal interest and debate," Clegg added.

"I am really excited to participate in that discussion on our behalf, and to ensure that we have the proper policies in place to both reflect our duties and to encourage the development of innovative new goods for years to come."

Clegg served as the United Kingdom's deputy prime minister from 2010 to 2015. After Clegg decided to form a coalition with the now-ruling Conservative Party, which was widely opposed by many Lib Dem members, his party helped to form the government.

His appointment comes as part of a larger reorganization at Meta. Meta has lost chief technology officer Mike Schroepfer, chief sales officer David Fischer, and Fidji Simo, head of the Facebook app, in the last year.

It's unclear whether Clegg will be appointed to Meta's board of directors, but if he is, he will be required to disclose his salary and stock options. Sandberg's compensation package in 2020 was estimated to be around $24.7 million.

h/s: Cnbc

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