Facebook Shuffles Management Team

Move seen as surrounding Mark Zuckerberg with allies

Facebook Inc. is overhauling its management structure in one of the most extensive corporate makeovers in its 14-year history.

In arguably the most significant move, the company put longtime executive Chris Cox in charge of Facebook, Instagram, WhatsApp and Messenger in an effort that will integrate its high-profile acquisitions more deeply into the larger company. Facebook’s product and engineering divisions will now be carved up into three main divisions, including one focused on emerging technologies, such as blockchain,...