Sheryl Sandberg to step down as COO of Meta | Advertising

Sheryl Sandberg is stepping down from Meta Platforms after 14 years as chief working officer, throughout which period she has performed a outstanding position within the evolution of the social media firm.

Mark Zuckberg’s second-in-command revealed the information in a Fb publish on Wednesday (June 1), through which she recounted her time with the corporate. 

Within the publish, she describes Fb as “chaotic at first” again when she joined in 2008, when the corporate was solely 4 years outdated. 

Since then, Sandberg has performed a key position in constructing Fb’s juggernaut advert enterprise and steering the corporate via speedy progress. 

In her time, she’s additionally contended with numerous lawsuits and scrutiny over Fb’s insurance policies and impression on society. Sandberg has ceaselessly appeared because the face of Fb at regulatory hearings, together with its dealing with of misinformation in the course of the 2016 U.S. election. She was criticized for her response to the corporate’s Cambridge Analytica information scandal. “To say it hasn’t all the time been simple is an understatement,” she stated in her publish.

Sandberg has additionally used her place to advocate for girls’s rights. She authored Lean In, a 2013 guide that encourages ladies to claim themselves at work, and went on to discovered the Lean In nonprofit group which helps ladies and advocates for extra equitable public insurance policies.

The long-time govt stated it was “time for me to write down the subsequent chapter of my life”. She’s going to depart within the fall, and plans to give attention to her philanthropic work going ahead. 

Sandberg will proceed to serve on Meta’s board of administrators.

Javier Olivan, Meta’s chief progress officer and VP of cross-Meta merchandise and infrastructure, will change Sandberg as COO.

Olivian can be a 15-year Meta govt, having labored throughout a sequence of progress roles. 

Previous to becoming a member of Fb, Sandberg labored at Google for six-and-a-half years as VP of worldwide on-line gross sales and operations. She was additionally chief of workers on the U.S. Treasury Division.

Meta’s inventory was down 2.58% following the information.