Facebook Inc (NASDAQ:FB) lost one of its key executives to Square, a mobile payment company offering a free credit card reader for iPhone, iPad, and Android devices.
Gokul Rajaram, product director of ads at Facebook Inc (NASDAQ:FB), resigned from his position after three years working for the social network giant to join Square as product engineering lead. Rajaram will supervise software development for Square Register, a full point-of sale system for businesses and other products.
Rajaram Known for Initiating Profitable Projects
Rajaram co-founded and served as CEO of Chai Labs, which was acquired by Facebook Inc (NASDAQ:FB) August 2010. He joined the social network giant as product director of ads and became instrumental in helping the company boost its advertising profits. He helped initiate some of the significant advertising efforts of the company such as the Facebook Exchange.
Early in his career, Rajaram also served as product management director for Google Adsense. He was instrumental in developing software products for small businesses worldwide.
“I’ve been fortunate to work for two mission-driven, world-changing companies, and Square’s vision and passion for helping businesses grow is inspiring. I’m thrilled to join the team and help build amazing products that drive economic growth and empower local businesses around the world,” said Rajaram in a statement.
Rajaram holds a Masters Degree in Business Administration from MIT, Master Degree in Computer Science from the University of Texas, Austin, and a Bachelors Degree in Computer Science from the Indian Institute of Technology Kanpur.
Recent Facebook Executive Attrition
Other Facebook Inc (NASDAQ:FB) executives who have also recently left include Paul Adams, global head of brand design; Blake Ross, product director; David Spillane, chief of accounting; and Josh Wiseman, director of engineering. Ted Ullyot, the current general counsel of the company is also leaving.
Two weeks ago, Bret Taylor, the chief technology officer of Facebook Inc (NASDAQ:FB), decided to relinquish his position to pursue a future startup. According to Taylor, the CEO of the social network giant, Mark Zuckerberg understood the reasons behind his departure.