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Sheryl Sandberg is stepping down from Facebook parent company Meta after 14 years

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Meta Platforms’ Sheryl Sandberg, who became one of the most recognizable figures in global business after helping Facebook transform from a startup into a multi-billion dollar advertising powerhouse, is stepping down as chief operating officer.

Andberg (52) will remain on the board of Meta, the parent company of Facebook, Instagram and WhatsApp, according to a social network post on Wednesday. Javier Olivan, who has led the company’s growth efforts for years, will take Sandberg’s place as chief operating officer when she officially steps down in the fall.

Sandberg joined Facebook in 2008 and has been key in making it a social media giant, generating nearly $120 billion in revenue last year. On the side she became an influential author – she published the book leaning in 2013 — and served as the company’s most recognizable face alongside Chief Executive Officer Mark Zuckerberg. She also responded to Facebook’s privacy and policy failures over the years and sought to mend its relationship with the public and regulators.

In an interview with Bloomberg, Sandberg called her time at Meta the “honor and privilege of a lifetime,” but joked that it’s also “not the most manageable job anyone’s ever had.”

“It’s a decision I didn’t take lightly, but it’s been 14 years,” she said Wednesday. “I want to create more space to do more philanthropic, to do more with my foundation.”

https://www.independent.ie/business/technology/news/sheryl-sandberg-steps-down-from-facebook-parent-firm-meta-after-14-years-41711330.html Sheryl Sandberg is stepping down from Facebook parent company Meta after 14 years

Fry Electronics Team

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