Facebook has been trying to figure out who will run its new business unit since early March.
Now, the company has announced that Steve Jurvetson has been named to lead the company.
Jurvettson, who was once a prominent venture capitalist at Andreessen Horowitz, has been working as Facebook’s senior vice president for business and product since August.
Jurisons job title, however, has yet to be revealed.
“He is an exceptional leader who brings a wealth of experience and vision to Facebook’s business strategy and has deep expertise in the fast-growing vertical markets in the U.S., Canada and Europe,” the company wrote in a statement.
Jurveson was also the CEO of Pinterest, which was sold to Facebook for $1.5 billion in 2017.
“The combination of the skills he brings to Facebook and his commitment to the business will enable us to create a strong team that can accelerate growth and deliver more value to our users and advertisers across all Facebook verticals, both mobile and web,” the statement said.
Jurvents job title could be an early indication that he’s going to be responsible for the business.
The social network also has been looking to hire a chief operating officer to help lead the new unit.
Jurvits job title was also previously filled by Facebook’s Chief Financial Officer.
It was reported that Facebook has hired several new executives, including two people who are from the software and hardware industry, according to Bloomberg.
The company has been making major investments in its new product suite, including hiring former Microsoft CEO Satya Nadella and its biggest executive, Alex Gorsky, to help with the product efforts.
Jurvington will also have some big shoes to fill.
The former CEO of the tech giant Facebook was ousted by CEO Mark Zuckerberg in June, and Facebook had to turn to new hires as the company tried to regain some of the confidence of its users.
Facebook was the first major company to admit that it was a major pain point in the tech industry, and it has been grappling with how to fix it.
The news came just days after Facebook announced that it had hired the former Microsoft chief financial officer, Amy Hood, to lead its business unit.
Facebook has also been trying hard to shake up its leadership team, hiring former Google executive Kevin Systrom as its chief operating executive and hiring the former head of Google’s mobile and video division, John Hanke, to head up its video efforts.