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Sheryl Sandberg steps down as COO of Facebook owner Meta

SAN FRANCISCO – Sheryl Sandberg, Facebook’s No. 2 Meta owner, resigns according to a post on Wednesday on her Facebook page. Sandberg has served as CEO on the social media giant for 14 years. Joined Google in 2008, four years before Facebook went public.

Meta did not immediately respond to a request for comment.

“When I took this job in 2008, I hoped to be in this role for five years. Fourteen years later, it was time to write the next chapter of my life,” Sandberg wrote on her Facebook page. He did not say what he planned to do.

Sandberg led Facebook’s advertising business – now Meta – and was responsible for raising him from infancy to a force of more than $ 100 billion a year.

Meta CEO Mark Zuckerberg said in a Facebook post that he did not intend to replace Sandberg in the company’s existing structure. Javier Olivan will be Meta’s new COO.

Zuckerberg said that “this role will be different from what Sheryl has done. It will be a more traditional COO role where Javi will focus internally and functionally, building on his strong track record of making our execution more efficient and rigorous.” .

While Sandberg has long been Zuckerberg No. 2, even sitting next to him – at least before the pandemic – at the company’s headquarters in Menlo Park, California, he also had a very public job, meeting lawmakers, holding focus groups and talking openly about issues such as women in the workplace and more recently, abortion.

“I believe that Meta has reached the point where it makes sense for our product and business groups to be more closely integrated, rather than organizing all business and operations separately from our products,” Zuckerberg wrote.

Sandberg made some public mistakes in the company, including its attempt to divert responsibility from Facebook for the January 6, 2021 uprising in the US Capitol. In an interview later that month with Reuters, he said he believed the day’s events were “largely organized on platforms that do not have the capacity to stop hatred, do not have our standards and are not transparent.” “

This turned out to be untrue. Internal documents, leaked by whistleblower Frances Haugen later that year, showed that Facebook employees themselves were concerned about the shutdown and often the company’s backlash to growing extremism in the United States.

“Didn’t we have enough time to figure out how to manage speech without allowing violence?” an employee wrote on an internal message board at the height of the January 6 riot. “We have been fueling this fire for a long time and we should not be surprised that it is now out of control.”

Sandberg, who suddenly lost her husband in 2015, said she was “not entirely sure what the future holds.”

“But I know it will involve more focus on my foundation and my philanthropic work, which is more important to me than ever given how crucial this moment is for women,” she wrote, adding that she will also be getting married this summer. and that raising children Their extended family of five will also be part of this future.

He leaves Meta in the fall and will continue to serve on the company’s board of directors.

Copyright © 2022 by the Associated Press. All rights reserved.

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Sheryl Sandberg steps down as COO of Facebook owner Meta Source link Sheryl Sandberg steps down as COO of Facebook owner Meta

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