Sheryl Sandberg, chief working officer of Facebook Inc.
David Paul Morris | Bloomberg | Getty Images
Former Meta working chief Sheryl Sandberg is leaving the corporate’s board of administrators.
“With a coronary heart full of gratitude and a thoughts full of reminiscences, I let the Meta board know that I cannot stand for reelection this May,” Sandberg wrote in a Facebook post on Wednesday.
Sandberg, 54, joined Facebook in 2008 as Mark Zuckerberg’s high deputy after spending about seven years at Google. In 2012, she turned a board member on the firm. During her tenure, Facebook rose from a highflying startup to turn into probably the most precious firms on this planet, topping a $1 trillion market cap at its peak in 2021.
Sandberg introduced her departure from Meta in mid-2022, following a number of controversies that dogged the corporate and sullied its fame amongst customers, lawmakers and investors. Most notably, Facebook was central to the unfold of disinformation forward of the 2016 election and through the early days of the Covid pandemic in 2020. The firm has additionally been within the topic of antitrust investigations and was scrutinized in Sandberg’s waning days for its inadequate efforts to fight hate on its platform.
When Sandberg stepped down as Meta COO in June 2022, she was changed by Javier Olivan, who had been serving as Meta’s chief development officer.
Since leaving Meta, Sandberg has devoted a lot of her time on her LeanIn.org nonprofit, which focuses on empowering ladies tin the office, and associated tasks.
“I wished my new chapter to have the ability to actually make a distinction,” Sandberg told CNBC Make It in August. “We’ve been in growth on this since I used to be at Meta, however having the ability to have the time to place into [this launch] and to essentially be … an even bigger a part of this has meant lots to me.”
Shortly after Sandberg’s submit, Zuckerberg responded with a brief reply.
“Thank you Sheryl for the extraordinary contributions you may have made to our firm and neighborhood over time,” Zuckerberg wrote. “Your dedication and steering have been instrumental in driving our success and I’m grateful to your unwavering dedication to me and Meta over time. I look ahead to this subsequent chapter collectively!”
Meta know-how chief Adam Bosworth wrote, “Amazing run Sheryl, thanks a lot for all the pieces you probably did for all of us and in addition for me personally.”
Meta’s board consists of Zuckerberg, who serves as chairman, in addition to former PayPal Executive Vice President Peggy Alford, enterprise capitalist Marc Andreessen, Dropbox CEO Drew Houston, former McKinsey & Company senior accomplice Nancy Killefer, former U.S. deputy secretary of the treasury Robert M. Kimmitt, DoorDash CEO Tony Xu and Tracey T. Travis, a former CFO at Estée Lauder.
Here’s the total textual content of Sandberg’s submit:
With a coronary heart full of gratitude and a thoughts full of reminiscences, I let the Meta board know that I cannot stand for reelection this May. After I left my function as COO, I remained on the board to assist guarantee a profitable transition. Under Mark’s management, Javi Olivan, Justin Osofsky, Nicola Mendelsohn, and their groups have confirmed past a doubt that the Meta enterprise is powerful and well-positioned for the long run, so this appears like the suitable time to step away. Going ahead, I’ll function an advisor to the corporate, and I’ll at all times be there to assist the Meta groups.
Serving as Facebook’s – after which Meta’s – COO for 14 ½ years and a board member for 12 years has been the chance of a lifetime. I’ll at all times be grateful to Mark for believing in me and for his partnership and friendship; he’s that actually once-in-a-generation visionary chief and he’s equally superb as a good friend who stays by your facet by the nice instances and the dangerous. I’ll at all times be grateful to my colleagues and teammates at Meta for all of the years of working facet by facet and all they taught me. And I’m notably grateful to my fellow Meta board members for his or her lasting friendships, the steering they offered me for therefore a few years, and their stewardship of merchandise that imply a lot to folks everywhere in the world.
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