Sheryl Sandberg, the COO of Meta, the mother or father firm of Fb is leaving the corporate after 14 years
Sheryl Sandberg, the chief working officer of Meta, the mother or father firm of Fb, has introduced her departure after 14 years with the agency.
In a Fb submit, Sandberg introduced her exit, saying she deliberate to dedicate her time to her basis and philanthropic efforts sooner or later.
Sandberg, the corporate’s influential second-in-command, wrote, “Once I joined this job in 2008, I hoped I might be on this submit for 5 years.” “It’s time for me to put in writing the following chapter of my life, fourteen years later.”
Sandberg’s function within the firm will probably be taken over by Javier Olivan, who’s presently Meta’s chief development officer.
Sandberg joined Fb whereas it was nonetheless a small startup based by Mark Zuckerberg.
“Sheryl constructed our advert enterprise, employed excellent workers, formed our administration tradition, and taught me the best way to run an organization,” Zuckerberg mentioned. “She gave tens of millions of individuals world wide probabilities, and he or she deserves credit score for a lot of what Meta is now.”
“Nevertheless, she presided over main crises at Fb, together with the 2016 election, the Cambridge Analytica privateness incident in 2018, and the Capitol riots following the 2020 election.
Sandberg labored within the Clinton administration’s Treasury Division earlier than becoming a member of Google in 2001 to help develop the corporate’s promoting division.
Sandberg joined Fb in early 2008 as Mark Zuckerberg’s No. 2 and helped flip Fb into an promoting powerhouse and some of the highly effective companies within the web trade, with a market worth that reached $1 trillion at one time.
Meta’s inventory dropped 4% when she made her announcement.
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