Meta Platforms operations chief Sheryl Sandberg to leave after 14 years

Record ID: 1675203

  • Title: Meta Platforms operations chief Sheryl Sandberg to leave after 14 years
  • Date: 1st June 2022
  • Summary: BRUSSELS, BELGIUM (FILE - JANUARY 23, 2018) (REUTERS) WIDE OF SANDBERG SPEAKING DURING FACEBOOK EVENT AUDIENCE CLAPPING VARIOUS OF SANDBERG SPEAKING DAVOS, SWITZERLAND (FILE - JANUARY 23, 2019) (REUTERS) SANDBERG, AND JOURNALIST AND MODERATOR, UWE JEAN HEUSER, WALKING UP TO PANEL FOR DISCUSSION AUDIENCE SANDBERG SPEAKING ON COMPANY SANDBERG AT END OF SPEECH VARIOUS OF SANDBERG WITH AUDIENCE AFTER SPEAKING, POSING
  • Embargoed: 15th June 2022 21:50
  • Keywords: COO Facebook Google Meta Sheryl Sandberg
  • Location: VARIOUS
  • City: VARIOUS
  • Country: USA
  • Topics: Company News Markets,Economic Events,United States
  • Reuters ID: LVA003218201062022RP1
  • Aspect Ratio: 16:9
  • Story Text: Meta Platforms Inc FB.O Chief Operating Officer Sheryl Sandberg, whose close partnership with Chief Executive Officer Mark Zuckerberg powered the growth of the world's biggest social network, is leaving the company after 14 years, she said in a Facebook post on Wednesday (June 1).
    Her announcement sent the social media firm's shares down 4%. Sandberg is one of the most visible executives at Meta and has long been a staunch defender of the company’s often-criticized business model and its founder, Zuckerberg.
    "When I took this job in 2008, I hoped I would be in this role for five years. Fourteen years later, it is time for me to write the next chapter of my life," she wrote.
    Chief Growth Officer Javier Olivan will take over as chief operating officer, Zuckerberg said in a separate Facebook post, although he added that he did not plan to replace Sandberg's role directly within the company's existing structure.
    Olivan has worked at Meta for more than 14 years and has led teams handling Facebook, Instagram, WhatsApp and Messenger.
    Sandberg said she was not sure what the future holds for her, but that she plans to focus on her foundation and 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 for the United States Treasury Department under former President Bill Clinton, a management consultant with McKinsey & Company, and an economist with the World Bank.
    A Harvard University graduate, Sandberg is the author of several books, including the 2013 feminist manifesto "Lean In: Women, Work, and the Will to Lead."
    (Production by: Dan Fastenberg)
  • Copyright Holder: FILE REUTERS (CAN SELL)
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