The 51-year-old politician was leader of the Liberal Democrats and formed a coalition government with David Cameron and the Conservatives in 2010.
Facebook has faced intense scrutiny and the threat of government regulation following the Cambridge Analytica data scandal and alleged election meddling.
Several prominent executives have left the company in the last year.
Sir Nick's new job title will be vice-president of global affairs and communications at Facebook.
Sir Nick's new job title will be vice-president of global affairs and communications at Facebook.
He will start work on Monday and will spend a week at the company's Menlo Park headquarters, before moving to California with his family permanently in the new year.
Facebook founder Mark Zuckerberg and chief operating officer Sheryl Sandberg were personally involved in the recruitment, the Financial Times reported.
Facebook founder Mark Zuckerberg and chief operating officer Sheryl Sandberg were personally involved in the recruitment, the Financial Times reported.
In a statement, Sir Nick said he was delighted to join the company.
"Having spoken at length to Mark and Sheryl over the last few months, I have been struck by their recognition that the company is on a journey which brings new responsibilities not only to the users of Facebook's apps but to society at large. I hope I will be able to play a role in helping to navigate that journey," he wrote.
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