Sheryl Sandberg, the chief operating officer of Meta Platforms Inc, has left Facebook after 14 years. Fortune Magazine said in a tweet that Sandberg told Facebook about her decision to leave.
In her 14 years at the company, Sandberg changed Facebook’s direction toward making money and making ads. The main source of income, the magazine said in another post.
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Sheryl Sandberg’s announcement, which was made in close collaboration with Facebook CEO Mark Zuckerberg. Sent the social media company’s shares down 4% at first. Still, a Reuters report said that the stock was almost flat in trading after hours.
“When I started this job in 2008, I hoped to stay for at least five years. After 14 years, it’s time for me to start the next part of my story “Wednesday. She wrote about it on Facebook.
Sheryl Sandberg quit as COO
In a separate Facebook post, Zuckerberg said that Chief Growth Officer Javier Olivan would take over as chief operating officer. He also said that he did not plan to directly replace Sandberg’s role in the company’s current structure.
“I think Meta has reached a point where it makes sense for our product and business groups to work together more closely,” he said. “Instead of having all of our business and operations functions organized separately from our products. It makes more sense to have our product and business groups work together.”
Olivan has worked at Meta for more than 14 years and has led teams that work on Facebook, Instagram, WhatsApp, and Messenger.
When asked what she would do next, she told Reuters that she focused on giving back to the community at a “critical time for women.”
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“So many great leaders have been hired. I’m very happy about that. The next group of leaders is in place to move the business forward. “She named Marne Levine, Chief Business Officer, and Nick Clegg, who is President of Global Affairs.
Sandberg is the author of several books, including the feminist manifesto “Lean In: Women, Work, and the Will to Lead,” in 2013.