Sheryl Sandberg will be leaving her position as Chief Operating Officer at Meta (formerly Facebook)
Sandberg joined Facebook as the No. 2 in 2008. As the No. 2 Facebook CEO and cofounder Mark Zuckerberg Sandberg helped to transform Facebook into an advertising juggernaut, one of the most important companies in the tech sector, with a total market cap of $1 trillion.
Javier Olivan will be the company’s chief development officer and take over as COO in the fall. Sandberg informed Zuckerberg this weekend of her decision and will continue to be on Meta’s Board of Directors.
Sandberg wrote in a Facebook post that discussed her decision to resign, “Over the next couple of months Mark and I will transfer my direct reports.” Zuckerberg stated that Meta also plans an internal reorganization in order to support the change.
“I don’t see Sheryl being replaced in our current structure, looking forward. Zuckerberg stated in a Facebook posting that she isn’t sure it would be possible, as Sheryl is a star who has created the COO position in her own way.
He said that even if this were possible, Meta has reached the point in which it makes more sense for the product and business groups to be closer integrated than having all of the business and operations functions separated from our products.
In recent years, Meta has been criticized for its enormous influence and inability to stop the spread of harmful material. Its acquisitions of once-rivals such as Instagram and WhatsApp have also come under fire. While Zuckerberg and other executives were forced to testify before Congress numerous times over the last three-years, Sandberg has generally escaped that spotlight. After a whistleblower brought a complaint regarding its efforts to combat hate on its platform, the Federal Trade Commission is currently suing the company with antitrust violations.
Sandberg used her Facebook success to raise her profile, particularly among women at work.
Her book, “Lean In”: Women, Work, And the Will To Lead, was published in 2013. This book focuses on the issues women face at work and how they can improve their careers.
In 2015, Sandberg was shocked to learn that her husband, Dave Goldberg, had died unexpectedly from cardiac arrhythmia. He also fell on a treadmill. Sandberg has spoken extensively about how to deal with the loss of Goldberg and published a book entitled “Option B”, which was centered on the topic.
Sandberg was previously employed in the Treasury Department under the Clinton administration. He then joined Google in 2001 to help grow the company’s advertising business.