Facebook has appointed former Adobe head Umang Bedia as its new managing director in India, its second-largest market in the world. Bedi, who was the managing director of south Asia at Adobe, takes over from Kirthiga Reddy, who will join the global accounts team at the company’s headquarters at Menlo Park, California.
As the world’s fastest growing smartphone market, India is important for Facebook. The company, which currently has 150 million users in India, recently opened its fourth office in the country, in the financial and entertainment hub of Mumbai. However, its revenues have remained paltry as compared to its global earnings. Read more…
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