Facebook’s chief revenue officer to leave company

Facebook Chief Revenue Officer David Fischer announced on Tuesday that he is leaving the company at the end of the year.

“I want to share the news that I’ve decided to leave Facebook toward the end of this year,” Fischer wrote on Facebook. “I expect to be at Facebook into the fall and will be focused on advancing our mission and ensuring a smooth transition.”

Fischer’s job at Facebook was to oversee advertising business and the social media network’s worldwide sales organization, CNBC reported.

Once Fischer leaves, Facebook is replacing the chief revenue officer position with a chief business officer position.