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2 Jun 2022

Sheryl Sandberg to step down as COO of Facebook Parent Meta Platforms

The Index Today

Sheryl Sandberg on Wednesday said she would be leaving her role as a chief operating officer of Facebook parent Meta Platforms Inc., closing out her tenure and helping lead one of the world’s most profitable and controversial companies.

In a post on her Facebook profile, Sandberg said she would continue to serve as a member of Meta’s board. In a securities filing, Meta said she informed the company on Saturday of her intention to resign.
Javier Olivan, currently chief growth officer, will take over as the company’s COO when Sandberg leaves. She has served as a chief operating officer at the social media giant for 14 years. She joined Google in 2008, four years before Facebook went public.

Sandberg has led Facebook — now Meta’s — advertising business and was responsible for nurturing it from its infancy into an over $100 billion-a-year powerhouse. As the company's second most-recognized face — after CEO Mark Zuckerberg — Sandberg has also become a polarizing figure amid revelations of how some of her business decisions for Facebook helped propagate misinformation and hate speech.

While Sandberg has long been Zuckerberg’s No. 2, even sitting next to him — pre-pandemic, at least — in the company’s Menlo Park, California, headquarters, she also had a very public-facing job, meeting with lawmakers, holding focus groups, and speaking out on issues such as women in the workplace.

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