Facebook EMEA VP/Managing Director Joanna Shields To Become CEO Of U.K.’s Tech City

By David Cohen 

Facebook Vice President and Managing Director for Europe, the Mideast, and Africa Joanna Shields became the latest passenger on the train carrying high-profile executives departing the social network, as she announced that she will join Tech City Investment Organisation, a venture sponsored by the U.K. government and aimed at helping London’s East End create its version of Silicon Valley.

Bloomberg reported that Shields will become CEO of Tech City in January, as well as taking on the positions of chairman of the Tech City Advisory Group and business ambassador for the U.K.’s digital industries.

And TechCrunch reported that Facebook staffers who reported to Shields will now report to Vice President of Global Marketing Solutions Carolyn Everson, although the social network did not specify whether this move was interim or permanent.

Shields told The Guardian:

With the right boost now, there is no reason why we can’t make London the No. 1 location for tech in the world.

And she said in a statement, as reported by Bloomberg:

This country has the potential to become a major force in digital innovation. The seeds have been sown in east London for a dynamic and successful cluster. We have the infrastructure, the technology, and the talent. Now we need to accelerate the growth.

Facebook said in a statement of its own, as reported by TechCrunch:

Joanna has been a tremendous contributor to our EMEA organization, and her leadership and passion will be missed. Facebook supports the U.K. government’s vision for building a stronger technology-based economy and startup ecosystem, and we wish Joanna every success as she moves into her new role at the Tech City Investment Organisation and as the business ambassador for digital industries.

And British Prime Minister David Cameron said:

The success of Tech City shows just what can happen when we back some of our most innovative and aspiring companies to grow. Joanna’s experience will be hugely valuable in supporting Tech City.

Here is the updated list of high-level executives who have left Facebook since its May 18 initial public offering: