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Todd Spangler NY Digital EditorFacebook has named Alex Schultz, previously the company’s VP of product growth, analytics and internationalization, as its new chief marketing officer.Schultz, a nearly 13-year veteran of Facebook, takes over the CMO spot from Antonio Lucio, the former HP exec who stepped down last month after two years at the company.Schultz, in addition to serving as chief marketing officer, will continue to oversee product growth, analytics and internalization.

In another ominous sign for online ads amid the coronavirus outbreak, Facebook on Tuesday warned the global battle against the coronavirus outbreak has impacted advertising budgets. "We don’t monetize many of the services where we’re seeing increased engagement, and we’ve seen a weakening in our ads business in countries taking aggressive actions to reduce the spread of COVID-19," Alex Schultz, vp analytics, and Jay Parikh, vp engineering, said in an updatevia the Facebook website.