Facebook parent Meta COO Sheryl Sandberg says she is stepping down


CEO of Facebook Mark Zuckerberg walks with COO of Facebook Sheryl Sandberg after a session on the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho.

Kevin Dietsch | Getty Images

Sheryl Sandberg is stepping down from her position as Chief Operating Officer at Meta, the corporate previously referred to as Facebook.

Sandberg joined Facebook in early 2008 because the No. 2 to Facebook CEO and co-founder Mark Zuckerberg, and helped flip Facebook into an promoting juggernaut and one of the crucial highly effective corporations within the tech business, with a market cap that topped $1 trillion at one level.

Javier Olivan, the corporate’s chief progress officer, will take over as COO this fall, a spokesperson informed CNBC. Sandberg will proceed to serve on Meta’s board of administrators.

Meta has come beneath fireplace lately for its large affect, its lack of success in stopping the unfold of misinformation and dangerous materials, and its acquisitions of one-time rivals like Instagram and WhatsApp. Zuckerberg and different execs have been compelled to testify earlier than Congress a number of occasions within the final three years, though Sandberg has largely escaped that highlight. The firm presently faces an antitrust lawsuit from the Federal Trade Commission and will see scrutiny from different companies just like the Securities and Exchange Commission after a whistleblower filed a criticism about its efforts to fight hate on its platform.

Sandberg leveraged her success with Facebook to raise her personal profile, particularly amongst ladies within the office.

In 2013, she launched the ebook “Lean In: Women, Work, and the Will to Lead,” specializing in the challenges ladies face within the office and what they’ll do to advance their careers.

In 2015, she was confronted with the sudden dying of her husband Dave Goldberg, who suffered cardiac arrhythmia and collapsed on a treadmill. Sandberg has spoken at size about coping with the grief of Goldberg’s passing, and in 2017, she launched a took titled “Option B” centered across the subject.

Prior to Facebook, Sandberg served within the Treasury Department of the Clinton administration, then joined Google in 2001 and helped develop its promoting enterprise.

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