Managing Director of Facebook India and South Asia Umang Bedi has stepped down from his position, the social media giant announced today. "He's built a really strong team and business during his time with us, and we wish him all the best", a company spokesperson said.
Sandeep Bhushan, Facebook's Director of Consumer and Media in South Asia, has been appointed as interim head. Bedi, who joined Facebook last July, will stay with the company for another three months for a smoother transition, the company said.
Before joining Facebook, Bedi assumed the role of Managing Director - Southeast Asia at Adobe.
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According to PTI, Bedi is looking forward to start an entrepreneurial venture of his own. Bhushan is a former Samsung IT and mobile business director. He now handles the new revenue streams from FMCG advertisers for Facebook.
Facebook appointed Bedi as Managing Director for India to build and maintain strategic relationships with top clients and regional agencies in the country.
Previous year in May, Nasscom teamed up with Facebook to build a 'Product Design Initiative, ' aimed at supporting more than 500 product startups in the country. India has now become the largest market for Facebook, beating its home turf US.
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India's TRAI banned Free Basics a year ago, but since then, Facebook has launched Express Wifi, another initiative part of Free Basics program, that brings connectivity to the masses.
Under Bedi, Facebook launched a similar but less controversial project called Express Wi-Fi initiative wherein the company partners with telecom companies, internet service providers, and local entrepreneurs to help expand connectivity to under-served locations.
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