Meta COO Sheryl Sandberg steps down after 14 years of service

Sheryl Sandberg, COO of Meta, is stepping down after 14 years. Sandberg’s close partnership with Meta CEO Mark Zuckerberg has spurred the growth of Facebook, the world’s largest social network. She made her decision public in a Facebook post on Wednesday, June 1.

The announcement sent Facebook shares down 4%. Sandberg is one of Meta’s most visible executives and has long been a strong advocate of the oft-criticized business model of the company and its founder, Zuckerberg.

“When I took this job in 2008, I hoped to hold this position for five years. Fourteen years later, it’s time for me to write the next chapter of my life,” she wrote.

Meta’s chief growth officer, Javier Oliva, will take over as the next chief operating officer. He worked at Meta for 14 years and managed teams across Facebook, Instagram, WhatsApp and Messenger

Sandberg said she’s not sure what the future holds for her, but plans to focus on her foundation and her philanthropic work. She will continue to serve on Meta’s board after leaving the company in the fall, she said.

Prior to joining Facebook, Sandberg was vice president of global online sales and operations at Google, chief of staff to the United States Treasury Department under former President Bill Clinton, management consultant at McKinsey & Company, and economist at the World Bank.

(With agency contributions)

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Post expires at 9:57pm on Saturday June 11th, 2022