Ancestry.com Taps Facebook Executive for CEO Role
Posted on 02/04/2021
Genealogy company Ancestry.com Inc. hired former Facebook Inc. executive Deborah Liu to become its next chief executive officer, effective March 1, 2021. Deborah Liu was at Facebook for 11 years. She created and led Facebook Marketplace, the social media site’s classified advertisement service that has 800 million monthly users.
Blackstone Group Inc. purchased a 75% stake in Ancestry.com last August for US$ 4.7 billion. Silver Lake Partners and GIC Private Limited had owned the company since 2016. The Singaporean sovereign wealth fund still holds roughly a 25% stake in Ancestry.com.